🔔 TRADING SIGNAL 12/02: LIQUIDITY HUNTING STRATEGY $BTC & $ETH
The market is caught between two liquidity extremes. The Market Maker tends to Kill Long positions in BTC and lightly Kill Short positions in ETH before determining the next major trend.
BTC - CATCHING THE BOTTOM WHEN LIQUIDITY IS SWEPT
The heatmap indicates a massive Liquidity Pool at $66,000. The current price is very close to this level. The best scenario is for the price to break through $66k to trigger all the Long stop losses and then bounce back up.
🟢 LONG TRADE - SCALP
- Entry Zone: $65,800 - $66,100
- Stoploss: $65,400
- Take profit:
TP1: $67,200.
TP2: $68,000 .
🔴 SHORT TRADE - SWING
- Entry Zone: $67,900 - $68,400
- Stoploss: $68,900
- Take profit:
TP1: $66,500
TP2: $66,000 (Price magnet).
ETH - SHORT AT PSYCHOLOGICAL LEVEL
ETH is very weak with a lower high and low structure. However, there is a significant amount of Short liquidity accumulated at the round number $2,000. The price may push up here to Kill Short positions before dropping further.
🔴 SHORT TRADE - Priority
- Entry Zone: $2,000 - $2,030
- Stoploss: $2,075
- Take profit:
TP1: $1,950
TP2: $1,900
🟢 LONG TRADE - High risk
- Entry Zone: $1,880 - $1,900
- Stoploss: $1,850
- Take profit: $1,980
⚠️ NOTE ON CAPITAL MANAGEMENT
- For the Long trade on BTC at $66k, ABSOLUTELY DO NOT PLACE A LIMIT ORDER to catch a falling knife. Wait for the H1 or M15 candle to close with a green wick above $66,000 before entering the order.
- The market is entering a contested area, so trade with small volume.
Pay attention to macro news that may cause unexpected volatility sweeping both ends, disrupting technical analysis.