XMR is looking juicy for a short, got my eyes on a potential breakdown. Price is hovering near a key area of support, but it's not holding up
🔴 $XMR SHORT 📉 — Trade Plan
• Entry: $408.9806 – $409.7994
• Stop: $421.6717 (-3.0%)
• Target 1: $403.2491 (+1.5%)
• Target 2: $388.9205 (+5.0%)
• R/R 1:1.7 | Confidence 64%
This setup is firing on multiple signals - we've got a clear market structure break, volume confirming the direction, and a fair value gap that's not being filled. The order block and point of interest confluence are also overlapping, making this a pretty compelling short. Structure looks like it's ready to give way
3.0% stop loss feels about right, not too tight, not too wide, and I'd be looking to use around 2x leverage to maximize the R/R of 1:1.7
If we hit TP1, might take some profit off the table, don't want to get greedy and let a winner turn into a loser
As always: manage your risk, this is not financial advice 🙏
$XMR #XMRUSDT #BTC #TradingSignals #Write2Earn
🔴 $XMR SHORT 📉 — Trade Plan
• Entry: $408.9806 – $409.7994
• Stop: $421.6717 (-3.0%)
• Target 1: $403.2491 (+1.5%)
• Target 2: $388.9205 (+5.0%)
• R/R 1:1.7 | Confidence 64%
This setup is firing on multiple signals - we've got a clear market structure break, volume confirming the direction, and a fair value gap that's not being filled. The order block and point of interest confluence are also overlapping, making this a pretty compelling short. Structure looks like it's ready to give way
3.0% stop loss feels about right, not too tight, not too wide, and I'd be looking to use around 2x leverage to maximize the R/R of 1:1.7
If we hit TP1, might take some profit off the table, don't want to get greedy and let a winner turn into a loser
As always: manage your risk, this is not financial advice 🙏
$XMR #XMRUSDT #BTC #TradingSignals #Write2Earn