US30 - Sell Limit Opportunity After Liquidity GrabThe US30 index has reached a key liquidity zone above resistance, setting up a compelling sell limit opportunity. This price action suggests the market has cleared stop-losses and may be primed for a bearish reversal.
Key Observations:
Liquidity Sweep: The price spiked above a critical resistance level, triggering stop-losses and trapping breakout buyers.
Market Structure: Emerging bearish signals, including rejection candles and a loss of bullish momentum, indicate potential downside movement.
Optimal Entry: A sell limit at aligns with the liquidity grab and the anticipated reversal zone.
Trade Plan:
Entry: Sell limit at , expecting a move downward from the liquidity zone.
Stop Loss: Above the liquidity sweep to protect against false breakouts.
Take Profit: Targeting support levels around for a strong risk-reward ratio.
Risk Management:
This setup capitalizes on a classic liquidity grab, but strict adherence to risk management and position sizing is vital. Monitor price action closely for additional confirmation of bearish momentum.