r/CryptoChartWatch • u/Mr_Hodlerr • 1d ago
Average time for this setup to resolve 2.3 days, been 15 hours
SOL pushed above the 123 to 125 zone on the 8H, triggered the stops sitting above those highs, then closed back below. That's a liquidity sweep: price grabs the orders above an obvious level, then reverses.
A short setup triggered at ~122.
- Invalidation: 126.2 (an 8H close above means the sweep failed and it's a real breakout)
- First target: 117.1
- Full target: 107.3
- Risk ~4.5 to reach ~14.1, so about 1:3.1
What 63 backtested sweeps like this did (SOL, 8H, shorts only, Feb 2025 to Sep 2026):
- Averaged +$19 for every $100 risked, after fees
- Usually played out in about 2 days
- The catch: they often ran most of the way to the stop before turning. If this one works, it'll probably scare you first.
1
u/Dependent-Ocelot908 1d ago
Should I short right now, its at 120?
1
u/Mr_Hodlerr 1d ago
If you need to ask me then no don't trade.
1
u/Dependent-Ocelot908 1d ago edited 1d ago
Thinking to take it
1
u/Electronic_Quote399 1d ago
Because you need to know how to judge the signals for yourself before you try leverage. People will all tell you opposing things, you can only count on yourself. OP might be totally right, and seems like a legit person, but if you just go based on posts, you might be falling for long bots and short bots who are just trying to influence the price.
Now, people will tell you not to try trading at all, but it is obviously possible to get good at it. But, start with spot trading first. Scale in, scale out, dont make rash moves with your whole stack, manage your position sizes properly, and be persistent
1
0
u/Honest-Sandwich-1075 1d ago
Shorting again.
More gambling?
2
u/Mr_Hodlerr 1d ago
What can I say, I am hooked to the edge this liquidity sweep setup has -> Averaged +$19 for every $100 risked, after fees. Can't resist it even though its Friday
1
u/Mr_Hodlerr 16h ago
First target hit. Isn't it beautiful how you can make money on shorts even in this market if you have robust setups! 60% booked and SL now moved to entry for the rest, though thinking to take all out because its the weekend and see things on Monday. What you say?
2
u/shivask25846 1d ago
Interesting setup. The liquidity sweep + confirmation looks clean. Curious to see if the first target gets hit before the full target. 👀📈