SUIUSDT 4h · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 20:00 UTC · forecast for SUIUSDTTimeline
- Liquidity formed: local low 0.9853 (left shoulder)
- Structural high 1.038 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 0.9274 confirmed
- CHoCH: close above the structural high 1.038. Quasimodo confirmed
Why this setup was found
First the market formed a local low 0.9853 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 0.9274, which is 0.05790 (1.45 ATR) below the left shoulder.
Then price closed above the previous structural high 1.038 (close 1.139). This is a bullish CHoCH: a change of market character.
The left shoulder zone (0.9853–1.006) became the QML level: price often returns here before continuing the move.
Untouched bullish imbalance (FVG) overlaps QML by 38%.
There were equal lows nearby: they were what price hunted.
Structure on 1d: bullish (supports the idea).
On the break candle aggressive buyers dominated (50% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.