MUUSDT 1h · Quasimodo · short
WAITING FOR A RETURN TO QMLOpen · updated 06.10 20:00 UTC · forecast for MUUSDTTimeline
- Liquidity formed: local high 1,096.8 (left shoulder)
- Structural low 1,086.5 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 1,114.7 confirmed
- CHoCH: close below the structural low 1086.5. Quasimodo confirmed
- Price is approaching QML
Why this setup was found
First the market formed a local high 1,096.8 (left shoulder). Stop orders piled up above it, that is, liquidity.
Then price took that liquidity: the head reached 1,114.7, which is 17.950 (1.36 ATR) above the left shoulder.
Then price closed below the previous structural low 1,086.5 (close 1,083.7). This is a bearish CHoCH: a change of market character.
The left shoulder zone (1,093.7–1,096.8) 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: bearish (supports the 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.