Clusters of resting orders, mainly stop-losses and breakout entries, assumed to sit just beyond obvious highs and lows. Large participants need that liquidity to fill size.
How traders use it: Traders ask where the obvious stops are and whether price has already taken them before planning a trade.
Common mistake: Assuming you know exactly where orders are. It is an inference from chart structure, not visible data.
Related: Buy-side liquidity · Sell-side liquidity · Liquidity sweep · Equal highs / equal lows
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.