SUIUSDT 1h · Quasimodo · short
WAITING FOR A RETURN TO QMLOpen · updated 06.10 19:00 UTC · forecast for SUIUSDTQML (entry zone)Tap the markers for explanations · time in UTC · delta and CVD below
Timeline
- Liquidity formed: local high 1.206 (left shoulder)
- Structural low 1.183 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1.209 confirmed
- CHoCH: close below the structural low 1.183. Quasimodo confirmed
Why this setup was found
First the market formed a local high 1.206 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 1.209, which is 0.003200 (0.22 ATR) above the left shoulder.
Then price closed below the previous structural low 1.183 (close 1.182). This is a bearish CHoCH: a change of market character.
The left shoulder zone (1.202–1.206) became the QML level: price often returns here before continuing the move.
There were equal highs nearby: they were what price hunted.
Structure on 4h: bullish (against this idea).
On the break candle aggressive sellers dominated (58% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.
Confirmations and contradictions
Liquidity takenConfirmation
Equal highsConfirmation
Change of character (CHoCH)Confirmation
QML not touched yetConfirmation
4h: structure is bullishAgainst
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
Absorption at QMLUnknown
Footprint (from trades)Unknown