LONG Trade Strategy
· Market already liquidated most longs ($12.63M vs $3.24M shorts)
· Large cluster of short liquidation targets between $164-167 acts as price magnet
· Technicals show room for upward movement from current levels
Entry: $158.50 - $160.00
· Wait for confirmation break above local resistance
· Do NOT chase the move if it gaps up
Stop-Loss: $153.00
· Just below 24h low of $153.34
· Invalidates the squeeze thesis if broken
Take-Profit Targets:
· TP1: $164.00 (First liquidity cluster)
· TP2: $167.00 (Second, denser liquidity cluster)
Risk-Reward: ≈ 1:3