BCH Long

BCHUSDT - Bullish Market Structure Shift (MSS) with Liquidity Targets


Setup Overview:

BCH/USDT is showing a strong bullish Market Structure Shift (MSS).
Price has recently taken out sell-side liquidity, confirming a shift in market sentiment from bearish to bullish.
With this shift, the price is now expected to rally towards the buy-side liquidity, which is located higher in the chart.

Key Levels:

Sell-side Liquidity: At 436.0 USDT, price has cleared this level, indicating that sell orders have been absorbed and a reversal is in play.

Buy-side Liquidity: The key target for this move is around 803.1 USDT, which represents the next significant liquidity zone above.

Trade Plan:

Entry:
Enter the trade after confirming the bullish reversal at the current price level, following the market structure shift.

Stop: Place a stop below the recent low (just under the sell-side liquidity level) to protect against potential reversals.

Target: Set a target near 803.1 USDT, as the price aims for the buy-side liquidity.

Conclusion:

With the MSS confirming a shift to a bullish market structure after clearing sell-side liquidity, BCH/USDT is poised to move upwards towards the buy-side liquidity at 803.1 USDT. Watch for the confirmation of upward momentum before entering the trade.