$BTC Trade Alert:
The market has just swept liquidity below $55,836, which typically leads to a bounce due to the large number of orders placed at these levels. However, after this liquidity sweep, those orders have been filled, leaving no significant barriers to stop the market from continuing its downward movement.
Here’s the trade setup:
• Entry: $55,836 (up till $56,160 - DCA)
• Take Profit (TP): $54,800
• Stop Loss (SL): $56,300
!!! Never risk more than 1% of your budget!!!
With the liquidity cleared out, the path is open for further downside momentum. I’m expecting the market to push lower from here. Keep an eye on this one as the price action unfolds.