If you see a candle is sweeping liquidity of previous candle like this one, you can open short position after closing of the candle(liquidity sweeping candle).

If this happens on different time frames then what would be our targets(take profits) and stop loss.

Stop loss will be just few points above the liquidity sweeped candle.

Take profits on different time frames:

5 minutes: 0.8% - 1%.

15 minutes: 1.2% - 2%

1 hour: 2% - 3%

4 hour: 4% - 7%

1 day: 10%

This is the net profit.

If you take 10x leverage then multiply the net profit with your leverage. For example, if you take 10x leverage and your setup is on 15 minutes time frame then your profit will be 12% - 20%.

#learntoearnmay #CPI_BTC_Watch #BinanceTurns7 #BinanceTournament #Megadrop