The crowd sees strength on IREN, but below VWAP with a 38.01 liquidity sweep, that bounce looks like bait.
$IREN /USDT - SHORT
Trade Plan:
Entry: 37.94 – 38.01
SL: 38.306
TP1: 37.574
TP2: 37.207
TP3: 36.98
Why this setup?
Price is below VWAP and the 1h trend is bearish, so the macro tape favors sellers, not dip-buyers. The 15m sweep into 38.01 with RSI at 63.47 looks like a liquidity hunt, where late longs become squeeze fuel. With 15m ATR at 0.2455, 0.97% risk, and 2.62R structural RR, this is a tight short setup aiming for mean reversion through 37.574, 37.207, then 36.98.
Debate:
Are you buying the fakeout, or fading the bounce before the next liquidity cascade?
Click here to Trade 👇️
$ENA
$NVDA
$IREN /USDT - SHORT
Trade Plan:
Entry: 37.94 – 38.01
SL: 38.306
TP1: 37.574
TP2: 37.207
TP3: 36.98
Why this setup?
Price is below VWAP and the 1h trend is bearish, so the macro tape favors sellers, not dip-buyers. The 15m sweep into 38.01 with RSI at 63.47 looks like a liquidity hunt, where late longs become squeeze fuel. With 15m ATR at 0.2455, 0.97% risk, and 2.62R structural RR, this is a tight short setup aiming for mean reversion through 37.574, 37.207, then 36.98.
Debate:
Are you buying the fakeout, or fading the bounce before the next liquidity cascade?
Click here to Trade 👇️
$ENA
$NVDA
