ZECUSDT 1h · Quasimodo · short
WAITING FOR A RETURN TO QMLOpen · updated 06.10 21:00 UTC · forecast for ZECUSDTTimeline
- Liquidity formed: local high 1,400 (left shoulder)
- Structural low 1,372 confirmed
- Price took out the liquidity beyond the left shoulder
- Price took out the liquidity beyond the left shoulder
- Head 1,413 confirmed
- CHoCH: close below the structural low 1372.0. Quasimodo confirmed
Why this setup was found
First the market formed a local high 1,400 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 1,413, which is 13.000 (0.48 ATR) above the left shoulder.
Then price closed below the previous structural low 1,372 (close 1,371.9). This is a bearish CHoCH: a change of market character.
The left shoulder zone (1,397.4–1,400) became the QML level: price often returns here before continuing the move.
An already touched bearish order block overlaps QML by 69%: big players already built positions in this zone.
There were equal highs nearby: they were what price hunted.
Structure on 4h: bullish (against this idea).
On the break candle aggressive sellers dominated (52% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.