ETHUSDT Short: Smart Money and Liquidity Sweep Strategy
The price approached a significant resistance level where it previously reversed (shown by the black horizontal line).
Before reversing, the price slightly broke above the resistance, triggering buy stops and gathering liquidity.
After the liquidity sweep, the price started to show bearish signs. This is the optimal point to enter a short position.
The stop-loss is set just above the liquidity sweep high, minimizing risk in case of a false breakout.
The target is set at the lower support level, capturing potential profits from the expected downward move.
This setup anticipates that smart money used the liquidity sweep to trap late buyers and will drive the price down to capitalize on gathered liquidity.
Before reversing, the price slightly broke above the resistance, triggering buy stops and gathering liquidity.
After the liquidity sweep, the price started to show bearish signs. This is the optimal point to enter a short position.
The stop-loss is set just above the liquidity sweep high, minimizing risk in case of a false breakout.
The target is set at the lower support level, capturing potential profits from the expected downward move.
This setup anticipates that smart money used the liquidity sweep to trap late buyers and will drive the price down to capitalize on gathered liquidity.