$CT +43% — broke out of $0.50 and tagged $0.637. Here's the SMC read before you chase it 🧵
1/ Structure: bullish, no debate. Two expansion legs — $0.41→$0.53, then $0.50→$0.637 — both with BOS. No bearish CHOCH printed yet. Counter-trend shorting here is guessing, not trading.
2/ Liquidity: equal highs stacking at $0.62–0.637 — buy-side liquidity sitting above the high. Below, $0.533 holds the sell-side. Expect one side to get swept before the real move.
3/ Demand zones I'm watching: $0.543–0.55 (breakout base), $0.50 (psychological + 4H base), deep $0.46–0.48.
4/ Two plans, no chasing in between:
• Short scalp: sweep of $0.637 + 15m rejection → SL above $0.652, TP $0.585
• Swing long: pullback to $0.543–0.55 + bullish BOS → SL below $0.53
At $0.597 we're mid-range — that's the no-trade zone. Let the market come to your level; don't go to its.
Not financial advice. Sweep first or pullback first — what's your read?
1/ Structure: bullish, no debate. Two expansion legs — $0.41→$0.53, then $0.50→$0.637 — both with BOS. No bearish CHOCH printed yet. Counter-trend shorting here is guessing, not trading.
2/ Liquidity: equal highs stacking at $0.62–0.637 — buy-side liquidity sitting above the high. Below, $0.533 holds the sell-side. Expect one side to get swept before the real move.
3/ Demand zones I'm watching: $0.543–0.55 (breakout base), $0.50 (psychological + 4H base), deep $0.46–0.48.
4/ Two plans, no chasing in between:
• Short scalp: sweep of $0.637 + 15m rejection → SL above $0.652, TP $0.585
• Swing long: pullback to $0.543–0.55 + bullish BOS → SL below $0.53
At $0.597 we're mid-range — that's the no-trade zone. Let the market come to your level; don't go to its.
Not financial advice. Sweep first or pullback first — what's your read?