Here I also clarify the mechanism of the trap and how to benefit from the trap
I will explain it more clearly in the near future
al7om9y
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Bullish
Dear Millionaire: $TAO "The Sweep" (Purging), the optimal strategy here is to wait for the liquidation of buyers (Long Liquidations) at the bottom to form a "sniper entry point", then target the upper liquidity pools. Long (Buy) - Liquidity Sweep & Reversal (Liquidity Purge and Reversal). Bullish on the medium-term, with an expectation of a quick corrective move to hit liquidity first (Short-term Bearish Sweep). Entry Zone 310.00$ - 315.00$ (Order Block area on the hourly chart, coinciding with the lower Long Liquidations zones).
Price Action Confirm Wait for the formation of an Engulfing candle or a Pin Bar rejection candle with a long Wick on the 15m/1h timeframe within the entry zone (Positive CHoCH).
Targets (TP) TP1: 326.00$ (Mid-range of the current range).
TP2: 332.00$ (Beginning of the liquidity cluster of the Heatmap).
TP3: 338.00$ (Complete purging of the upper liquidity - Full Liquidation Grab). Stop Loss (SL) 298.00$ (Closing a 4-hour candle below this level breaks market structure and invalidates the analysis). Invalidation Point Explicit daily close below the level of 290.00$. Risk/Reward 1 : 2.8 (Excellent risk based on concentration areas). Strategy Logic Market makers (Smart Money) need fuel to push the price to break the resistance at 330$. This fuel will come from hitting the Stop Losses of early buyers below 318$ (Sweep to 312$). Once this trap is activated, the price will be directed towards the Heatmap Cluster at 338$ to clear the sellers (Short Squeeze). $TAO {future}(TAOUSDT)
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