Buy signal or liquidity trap? What the price is hiding 🧵
While the feed is buzzing with news about Michael Saylor stacking and bounces at support, us market makers are eyeing the chart of $BTC with a cool head.
The reality of the order book on M15:
The momentum: We broke through the $61k mark strongly, validating a short-term structure change.
The trap: The current support at $61,600 is stacking up stop orders from retail traders caught by FOMO from the news.
What I'm planning to do: We don't chase the price. We're waiting for a sweep of that liquidity towards our zone of interest ($61,200 - $61,400) to look for a high-probability entry.
Risk management for me:
🚨 Stop Loss: $61,100 (Invalidates the bullish scenario).
🎯 Take Profit: $62,600 (Liquidity exposed above).
Patience pays off, momentum wrecks accounts. Are you waiting for confirmation down or did you already jump in on the bounce? I’ll read you in the comments.👇 $USDT
#Bitcoin #Trading #MarkCapital #BinanceSquareBTC
While the feed is buzzing with news about Michael Saylor stacking and bounces at support, us market makers are eyeing the chart of $BTC with a cool head.
The reality of the order book on M15:
The momentum: We broke through the $61k mark strongly, validating a short-term structure change.
The trap: The current support at $61,600 is stacking up stop orders from retail traders caught by FOMO from the news.
What I'm planning to do: We don't chase the price. We're waiting for a sweep of that liquidity towards our zone of interest ($61,200 - $61,400) to look for a high-probability entry.
Risk management for me:
🚨 Stop Loss: $61,100 (Invalidates the bullish scenario).
🎯 Take Profit: $62,600 (Liquidity exposed above).
Patience pays off, momentum wrecks accounts. Are you waiting for confirmation down or did you already jump in on the bounce? I’ll read you in the comments.👇 $USDT
#Bitcoin #Trading #MarkCapital #BinanceSquareBTC