CC is poised for a sharp decline after breaking down from a critical market structure, with price now hovering near a key confluence zone. This area has historically served as a significant barrier to further downside, making it a prime target for a short entry.
🔴 $CC SHORT 📉
Entry $0.099391-$0.099589 | SL $0.102475 (-3.0%) | TP1 $0.097998 (+1.5%) | TP2 $0.094515 (+5.0%) | R/R 1:1.7 | Conf 64%
The setup is triggered by a combination of signals, including a market structure break, volume confirming direction, and the presence of a fair value gap, all of which suggest a high likelihood of a continued move lower. The overlap of an order block with the fair value gap adds confluence to this zone, making it an attractive area to initiate a short position. The liquidity sweep through this area further supports the case for a short trade.
With a 3.0% stop loss, the risk is relatively contained, and using 2-3x leverage would be suitable for this trade, allowing for a manageable risk exposure while still capitalizing on the potential move
Taking partial profits at the first target would be prudent, as it allows for the realization of some gains while still keeping a portion of the position open to capitalize on any further potential downside movement in CC
DYOR — this isn't financial advice, size your risk accordingly 🙏
$CC #CCUSDT #crypto #TradingSignals #Write2Earn
🔴 $CC SHORT 📉
Entry $0.099391-$0.099589 | SL $0.102475 (-3.0%) | TP1 $0.097998 (+1.5%) | TP2 $0.094515 (+5.0%) | R/R 1:1.7 | Conf 64%
The setup is triggered by a combination of signals, including a market structure break, volume confirming direction, and the presence of a fair value gap, all of which suggest a high likelihood of a continued move lower. The overlap of an order block with the fair value gap adds confluence to this zone, making it an attractive area to initiate a short position. The liquidity sweep through this area further supports the case for a short trade.
With a 3.0% stop loss, the risk is relatively contained, and using 2-3x leverage would be suitable for this trade, allowing for a manageable risk exposure while still capitalizing on the potential move
Taking partial profits at the first target would be prudent, as it allows for the realization of some gains while still keeping a portion of the position open to capitalize on any further potential downside movement in CC
DYOR — this isn't financial advice, size your risk accordingly 🙏
$CC #CCUSDT #crypto #TradingSignals #Write2Earn