$BCH Updated Scalping Strategy (BCH/USDT):
First (Entry Point): 228.3 (Entry confirmation here relies on price holding above this liquidation zone).
Second (Targets):
Target 1: 234.1 (Close 50% of the position here to secure profit).
Final Target: 243.6 (Close the remaining amount).
Third (Stop Loss): 222.7 (A break below this level completely invalidates the bullish hypothesis).
Current Liquidity Analysis: The liquidity present at the 228.3 level is attracting price to trigger the Stop Loss orders of small traders before moving towards the target. If you see the price dipping below 228.3 and then quickly bouncing back above it, that's the "Liquidity Sweep" we are looking for to enter strong.
First (Entry Point): 228.3 (Entry confirmation here relies on price holding above this liquidation zone).
Second (Targets):
Target 1: 234.1 (Close 50% of the position here to secure profit).
Final Target: 243.6 (Close the remaining amount).
Third (Stop Loss): 222.7 (A break below this level completely invalidates the bullish hypothesis).
Current Liquidity Analysis: The liquidity present at the 228.3 level is attracting price to trigger the Stop Loss orders of small traders before moving towards the target. If you see the price dipping below 228.3 and then quickly bouncing back above it, that's the "Liquidity Sweep" we are looking for to enter strong.