HOME is trading at a key market structure break with 64% confidence in a short setup. Current levels offer a 1:1.7 risk to reward ratio.
🔴 $HOME SHORT 📉
Entry $0.008858-$0.008876 | SL $0.009133 (-3.0%) | TP1 $0.008734 (+1.5%) | TP2 $0.008424 (+5.0%) | R/R 1:1.7 | Conf 64%
The CHoCH signal fired on a break of the recent range, with CVD confirming the direction and FVG indicating a fair value gap. This setup is further strengthened by an OB and POI confluence, where the order block overlaps with the fair value gap. The overall structure suggests a high probability short trade.
A 3.0% stop loss is relatively tight and suits a leverage of 3x to maximize returns while managing risk.
Taking partial profit at the first target point allows for a risk-free trade and can be considered to lock in some gains.
As always: manage your risk, this is not financial advice 🙏
$HOME #HOMEUSDT #crypto #TradingSignals #Write2Earn
🔴 $HOME SHORT 📉
Entry $0.008858-$0.008876 | SL $0.009133 (-3.0%) | TP1 $0.008734 (+1.5%) | TP2 $0.008424 (+5.0%) | R/R 1:1.7 | Conf 64%
The CHoCH signal fired on a break of the recent range, with CVD confirming the direction and FVG indicating a fair value gap. This setup is further strengthened by an OB and POI confluence, where the order block overlaps with the fair value gap. The overall structure suggests a high probability short trade.
A 3.0% stop loss is relatively tight and suits a leverage of 3x to maximize returns while managing risk.
Taking partial profit at the first target point allows for a risk-free trade and can be considered to lock in some gains.
As always: manage your risk, this is not financial advice 🙏
$HOME #HOMEUSDT #crypto #TradingSignals #Write2Earn