SKHY is setting up for a short with an 88% confidence level, offering a 1:1.7 risk/reward ratio. Current market conditions are ripe for a downturn.
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🔴 SKHY SHORT 📉
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📍 Entry Range: $153.4964 – $153.8036
🛑 Stop Loss: $158.2595 (-3.0%)
🎯 TP1: $151.3452 (+1.5%)
🏆 TP2: $145.9675 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
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The CHoCH signal indicates a market structure break, while CVD confirms the direction with volume. FVG and OB are overlapping, creating a strong POI confluence that supports this short setup, given the current fair value gap.
A 3.0% stop loss seems reasonable, suitable for 2-3x leverage, striking a balance between risk management and allowing the trade room to breathe.
Considering taking partial profit at the first target to lock in some gains, as the risk/reward ratio starts to shift beyond the 1:1 mark.
Not financial advice — always manage your own risk 🙏
#SKHY #cardanotohandcorecomponentstooutsideteams #TradingSignals #Write2Earn
━━━━━━━━━━━━━━━━━━━━━
🔴 SKHY SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $153.4964 – $153.8036
🛑 Stop Loss: $158.2595 (-3.0%)
🎯 TP1: $151.3452 (+1.5%)
🏆 TP2: $145.9675 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH signal indicates a market structure break, while CVD confirms the direction with volume. FVG and OB are overlapping, creating a strong POI confluence that supports this short setup, given the current fair value gap.
A 3.0% stop loss seems reasonable, suitable for 2-3x leverage, striking a balance between risk management and allowing the trade room to breathe.
Considering taking partial profit at the first target to lock in some gains, as the risk/reward ratio starts to shift beyond the 1:1 mark.
Not financial advice — always manage your own risk 🙏
#SKHY #cardanotohandcorecomponentstooutsideteams #TradingSignals #Write2Earn