$CIEN /USDT - SHORT
Trade Plan:
Entry: 407.05 – 413.49
SL: 435.95
TP1: 398.14
TP2: 383.82
TP3: 368.21
Why this setup?
• The 1h chart shows a sharp rejection and strong sell-off following a spike to the 24h High (435.95), with price falling back below MA7 (413.49) to indicate rapid downside momentum.
• Setting a protective Stop Loss (SL) right above the 24h High (435.95) establishes a clear risk invalidation boundary safely past the peak rejection wick.
• Entering a short position in the 407.05 to 413.49 zone provides a structured Risk:Reward setup, targeting pullbacks toward dynamic support at MA25 (398.14), MA99 (383.82), and the 24h Low support level (368.21).
Debate:GoldHoldsAbove$4000PerOunce#SpaceXToReportQ2Results #MoodysAssignsSKHynixFirstARating #USIranDealOrNoDeal #SpaceXFirstLockupExpiresAug6 #MoodysAssignsSKHynixFirstARating $CIEN
Trade Plan:
Entry: 407.05 – 413.49
SL: 435.95
TP1: 398.14
TP2: 383.82
TP3: 368.21
Why this setup?
• The 1h chart shows a sharp rejection and strong sell-off following a spike to the 24h High (435.95), with price falling back below MA7 (413.49) to indicate rapid downside momentum.
• Setting a protective Stop Loss (SL) right above the 24h High (435.95) establishes a clear risk invalidation boundary safely past the peak rejection wick.
• Entering a short position in the 407.05 to 413.49 zone provides a structured Risk:Reward setup, targeting pullbacks toward dynamic support at MA25 (398.14), MA99 (383.82), and the 24h Low support level (368.21).
Debate:GoldHoldsAbove$4000PerOunce#SpaceXToReportQ2Results #MoodysAssignsSKHynixFirstARating #USIranDealOrNoDeal #SpaceXFirstLockupExpiresAug6 #MoodysAssignsSKHynixFirstARating $CIEN