๐ Chart Summary:
Pair: BTC/USDT
Timeframe: 1 Minute (Scalp/Short-Term)
Price: ~$108,754
Indicators visible: Volume, EMAs (assumed to be 50 & 200), RSI (not directly shown but you mentioned it), MACD, Bollinger Bands (likely), and a BUY label signal.
๐ Smart Money Concepts (SMC) + ICT Analysis
1. Market Structure Shift (MSS)
We observe a bullish MSS (Market Structure Shift) after a prolonged downtrend:
Lower lows โก๏ธ shift โก๏ธ higher lows + higher highs.
Confirmed by recent green candles breaking above prior swing highs.
2. Liquidity Zones
Buy-side Liquidity (BSL):
Above $108,858 โ buy stops likely resting here from late shorts.
Target for smart money to sweep.
Sell-side Liquidity (SSL):
Below $108,415 โ stop losses from late long traders. This would be the ideal point if smart money wanted to reverse after a short-term pump.
3. Order Blocks
Bullish OB: Around $108,415โ$108,489
Last bearish candle before sharp bullish move โ used as a support.
Bearish OB: Around $108,858
Price may reject here before revisiting support.
4. Fair Value Gaps (FVGs)
FVG (inefficiencies or gaps between candles):
Minor FVGs visible during the green candle surge from $108,489 to $108,754.
Smart money often returns to FVGs โ likely to revisit $108,636โ$108,489 zone.
5. Volume Profile
Strong volume spike visible around the BUY label area..
Suggests accumulation by institutions or stop run of weak longs.
Current volume tapering = possible pause or retracement.
๐ฏ Trade Plan & Recommendations
๐ Trend Bias: Bullish short-term (but nearing liquidity)
๐ฐ Buy Setup (Long Position)
Entry Zone: $108,636โ$108,489 (order block + FVG)
Confirmation: Rejection wick + volume uptick near $108,500
Stop Loss: Below $108,415 (under OB & SSL)
Take Profit (TP1): $108,858 (near-term high)
TP2 (Aggressive): $109,200+ (upper liquidity sweep)
๐ป Sell Setup (Short Position)
Entry Zone: $108,858โ$109,000 (liquidity grab zone)
Confirmation: Bearish engulfing candle, volume spike + divergence
Stop Loss: $109,200+
Take Profit (TP1): $108,636 (FVG midpoint)
TP2: $108,415 (SSL sweep)
๐ง Institutional Activity Insights
Price consolidates before a manipulative move (BUY label) โ suggests smart money engineering liquidity.
Volume surge + EMA cross + OB formation = classic "smart money accumulation" before a push.
Expect a short-term move up to clear buy-side liquidity, then potential retracement to FVG.
๐ Final Thoughts:
You're in the early stage of a bullish move, but a minor retracement to the OB/FVG is likely before continuation.
Use entry confirmation, especially in the OB zone โ candle patterns, RSI bounce, and volume spikes.
Be cautious of fakeouts near $108,858 โ look for rejections or traps.
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Would you like me to mark this chart visually with the zones (OB, FVG, MSS, etc.)? You can upload another chart or I can describe how to draw it yourself.