Price has given a strong bullish move (impulsive rally).
There is a liquidity grab / supply zone formed above (red zone).
Price is already over-extended from MA 5 & MA 15.
Now there is a high chance of a pullback / correction from here.
🟥 Sell Zone (Entry Area)
Marked red zone / recent high area
This zone represents previous high + supply
✅ Entry Rule (IMPORTANT)
👉 You should only sell when:
A FULL 30-minute candle
Closes inside the sell zone or below the entry line
Proper close
❌ Do NOT sell on wick touch / rejection ✔️ Candle body close is mandatory
🛑 Stop Loss (SL)
Above the recent high
Or
Above the upper boundary of the sell zone
Keep SL a bit safe, as the zone is strong
🎯 Targets (TP)
TP1: Nearest support / green line
TP2: Mid demand area
TP3: Purple demand zone (strong demand)
📌 Partial booking:
Book 30–40% at TP1
Trail the rest at SL cost
📊 Trade Logic (Simple Words)
The market has taken the upward liquidity Now if the price shows weakness from the close of the 30m candle, the sellers have become active That’s why selling after confirmation is safe
⚠️ Risk Note
If the 30m candle closes above the sell zone ❌ → NO SELL, the market can go up further
❌ If the 30m candle closes above ATH ❌ If a strong bullish continuation candle forms ❌ Fake rejection occurs only with a wick
🧠 Trade Summary
“The market has taken liquidity at ATH. If the price sustains below ATH, a pullback is logical. Therefore, selling after confirmation of 30m candle close will be safe.”
Last week candle has done a liquidity sweep at the bottom and received a strong rejection from there.
After that, the day time frame candle is closing bullish, which shows the strength of buyers.
Price is now respecting the support zone and selling pressure seems weak.
Entry Plan:
If the day candle closes bullish, then a buy entry plan can be made on the next retest / pullback.
Entry: 70.60 – 71.00 (After the day candle bullish close, on retest) Stop Loss (SL): 66.90 (Below last week's liquidity sweep) Take Profit (TP): TP1: 83.20 TP2: 95.40
Swing target: upper resistance / previous high zone
Conclusion:
Overall structure is signaling a bullish reversal.
Day candle bullish close = swing buy setup valid, otherwise avoid the trade.
🔥 SOMI/USDT – BUY SETUP (Daily + 4H + Weekly Confluence) This setup is showing strong reversal confirmation because multiple timeframes are indicating the same direction. $SOMI
✅ BUY SETUP LOGIC (As Per Your Chart & Analysis)
1️⃣ Weekly Timeframe
The last weekly candle has formed a strong bullish engulfing pattern.
This means sellers have become weak and buyers are making strong entries.