Bearish Order Block (Red Zone) The large red rectangle labeled "BEARISH OB" marks a supply zone, spanning roughly between 2,128 and 2,145.
Significance: In Smart Money Concepts (SMC), a bearish order block represents an area where institutional selling previously occurred. The expectation is that if price returns to this level, unfilled sell orders will trigger, causing a rejection and pushing the price down.
2. Liquidity Sweep ("liq sweep") The chart marks a specific high around 2,125 with the label "liq sweep".
Meaning: This suggests the price briefly pushed above a previous structural high to trigger stop-losses of early short sellers (buy stops) or trap breakout traders (buy orders).
Implication: A sweep of liquidity followed by a rejection is often viewed as a strong bearish signal, indicating that the "smart money" has grabbed the necessary liquidity to fuel a move in the opposite direction (down).
3. Projected Path (White Arrow) The hand-drawn white arrow outlines the trader's prediction:
Retest: It anticipates a short-term bounce or corrective move upwards to re-test the lower boundary of the Bearish Order Block or the recent breakdown level.
Rejection & Drop: Following that retest, the projection shows a sharp decline, targeting lower support levels, potentially back toward the 2,080 - 2,090 range.
Summary of the Setup
The chart presents a Short/Bearish bias. The analysis relies on the concept that the recent upward move was a "fake-out" (liquidity sweep) into a heavy supply zone (Bearish OB). The expectation is for ETH to fail at these higher levels and resume a downward trend.
Disclaimer: This analysis is based on the technical indicators shown in the image and is for informational purposes only. It is not financial advice. Crypto markets are highly volatile; always do your own research.
Significance: In Smart Money Concepts (SMC), a bearish order block represents an area where institutional selling previously occurred. The expectation is that if price returns to this level, unfilled sell orders will trigger, causing a rejection and pushing the price down.
2. Liquidity Sweep ("liq sweep") The chart marks a specific high around 2,125 with the label "liq sweep".
Meaning: This suggests the price briefly pushed above a previous structural high to trigger stop-losses of early short sellers (buy stops) or trap breakout traders (buy orders).
Implication: A sweep of liquidity followed by a rejection is often viewed as a strong bearish signal, indicating that the "smart money" has grabbed the necessary liquidity to fuel a move in the opposite direction (down).
3. Projected Path (White Arrow) The hand-drawn white arrow outlines the trader's prediction:
Retest: It anticipates a short-term bounce or corrective move upwards to re-test the lower boundary of the Bearish Order Block or the recent breakdown level.
Rejection & Drop: Following that retest, the projection shows a sharp decline, targeting lower support levels, potentially back toward the 2,080 - 2,090 range.
Summary of the Setup
The chart presents a Short/Bearish bias. The analysis relies on the concept that the recent upward move was a "fake-out" (liquidity sweep) into a heavy supply zone (Bearish OB). The expectation is for ETH to fail at these higher levels and resume a downward trend.
Disclaimer: This analysis is based on the technical indicators shown in the image and is for informational purposes only. It is not financial advice. Crypto markets are highly volatile; always do your own research.
Trade closed: target reached
tp hit after juicy sniper entry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.