It’s indeed a trap

Is BTC heading for a major breakout or a trap? Here’s a precise swing trade setup to maximize your profit!”

Here’s an analysis of the BTC/USDT chart using the Smart Money Concept (SMC) and ICT (Inner Circle Trader) concepts, with an emphasis on liquidity traps.

Position: Long
Entry Point: $106,500 (After price retests a demand zone or an order block)
Stop Loss (SL): $105,000 (Set below the most recent swing low to avoid being caught in a liquidity sweep)
Take Profit (TP): $110,500 (1:3 Risk/Reward ratio from the entry point)

Rationale
1. Liquidity Trap Consideration: Look for areas where retail traders are likely to place stop losses (like under recent swing lows) and use these areas as potential points where “smart money” might accumulate positions.
2. Order Block Analysis: Watch for signs of bullish order blocks, where large institutional orders previously caused strong upward moves, as potential support zones.
3. ICT Entry Model: Wait for a retracement to a demand zone or an order block, and enter after confirmation from price action (like a bullish engulfing candle).

IMPORTANT : make sure to check if you can handle loss
This setup allows for a 1:3 risk/reward ratio, aligning with efficient trade management strategies.

#BTC☀ #BTCNewATH #$BTC