龙虾 is setting up for a potential short, with the current price action looking pretty ripe for a reversal. We're talking a clear breakdown below recent structure.

🔴 $龙虾 SHORT 📉
Entry → $0.020709-$0.020751
Stop → $0.021352 (-3.0%)
TP1 → $0.020419 (+1.5%)
TP2 → $0.019693 (+5.0%)
R/R 1:1.7 • Confidence 64%

The CHoCH signal just fired, indicating a market structure break, and we've also got CVD confirming the direction with volume, a fair value gap, and an order block right where we want it. The fact that our FVG and OB are overlapping at a key POI confluence point only adds to the conviction here. This setup's got all the makings of a solid short opportunity.

With a 3.0% stop loss, this is a relatively tight setup, so we'll want to keep our leverage in check, probably around 2-3x to balance out the risk-reward ratio of 1:1.7.

If we do get filled and the trade starts to work in our favor, taking some profit off the table at TP1 could be a good idea, just to bank some gains and reduce our exposure.

As always: manage your risk, this is not financial advice 🙏

$龙虾 #龙虾USDT #crypto #TradingSignals #Write2Earn