Market Overview:
ETH/USDT is currently holding within a strong monthly demand zone, showing signs of possible accumulation. Price has tested this level and indicating a potential reaction.
Key Trading Conditions:
Liquidity Sweep: If price sweeps the daily previous low, this could be a liquidity grab to trap sellers.
Market Structure Shift (MSS): If price breaks a key lower high to the upside, it would confirm a short term bullish structure shift, signaling a potential trend reversal.
Trade Plan:
Bullish Confirmation: Wait for a clear MSS to the upside on lower timeframes (4H/1H).
Entry: After a successful daily low sweep & bullish confirmation.
SL: Below the liquidity sweep low.
TP1: Mid-range supply zone.
TP2: Previous structural highs.
Risk Management:
Always wait for confirmation before entering.
Monitor price action around key levels.
Manage risk with proper stop-loss placement.
Conclusion:
If ETH sweeps liquidity and shifts structure bullishly, we can expect a potential reversal. Stay patient and let price confirm the move!
Like & Follow for More Market Updates!