The chart you've shared is of Ethereum (ETH) against Tether (USDT) on the 15-minute timeframe, and it appears to be a liquidity trap setup, specifically an "early sellers trap" scenario.
Key Observations:
1. Support Break & Reclaim:
Price briefly broke below a previous support zone (marked by yellow) at point (A), likely triggering early short sellers.
That move was quickly reversed, reclaiming the zone — a typical sign of a liquidity grab (stop hunt) before a reversal.
2. Higher Low at (C):
The price then formed a higher low at (C), suggesting buyers are stepping in and defending the zone.
3. Bullish Structure Potential:
The green area suggests a long (buy) position targeting the upper resistance zone near $1,872–$1,880.
Entry is around $1,830, with a stop near $1,803–$1,815, and a favorable risk-reward ratio.
Next Likely Move:
Given the liquidity trap, higher low, and reclaim of structure:
> ETH/USDT is likely to move upwards, targeting the $1,860–$1,880 zone.
Keep an eye on how it reacts around the $1,842–$1,850 level, as it's a minor resistance.
