Dear Millionaire: The Precious Hunt
Trade Setup Long (Buy) - Limit Order
Strategy Logic Contrarian Long Squeeze / Liquidity Sweep (Clearing buy liquidity and then rising to hit shorts based on negative funding)
Market Bias Bullish (After the lower Sweep has occurred)
Entry Zone $66,150 - $66,400
Targets (TP):
TP1: $67,200 (First upper liquidity block)
TP2: $67,800 (Main upper block)
TP3: $68,500 (Advanced target - Runner)
Stop Loss (SL) $65,400 (Closing a 1H candle below this number nullifies the idea)
Risk/Reward 1:2.5 (Approximately, based on entry from $66,250 and the second target)
Price Action Confirm Prefer to see a reversal candle (Pin Bar or Engulfing) with high volume on the 15m frame upon touching the entry zone
BTCUSDT
Perp
66,394.6
-0.21%