@walata
Smart money doesn't chase price; it induces it. The "inducement" is the trap—a false breakout or a dramatic drop that shakes out weak hands, creating fuel for the true move. This manipulation leaves a footprint: imbalance.
Then comes "liquidity." The big players hunt these pools of stop-losses above resistance or below support. They engineer price to run these levels, harvesting liquidity to fill their large orders at better prices. Your edge? Trade the liquidity grab, not the inducement. Fade the false break and ride the true move fueled by the stops they just hunted.