$GRVT +22% pump, now a short setup with 0.2289 as the target
🔴 Short - sell 0.2444, sl 0.2521, take profit 0.2289 (1:2)
Retrace of 20%, then price went back up for the old high. The inducement at 0.2289 is still untouched. That break of 0.242 was small (2.0%), a quick poke and a sell-off from 0.2469. Looks like a failed breakout to me. Stop 0.2521, target 0.2289. Risking 3.15% for roughly 2 times that. Small size, defined risk, move on if it fails.
Not financial advice.
#GRVT #TradeSetup #FuturesTrading
🔴 Short - sell 0.2444, sl 0.2521, take profit 0.2289 (1:2)
Retrace of 20%, then price went back up for the old high. The inducement at 0.2289 is still untouched. That break of 0.242 was small (2.0%), a quick poke and a sell-off from 0.2469. Looks like a failed breakout to me. Stop 0.2521, target 0.2289. Risking 3.15% for roughly 2 times that. Small size, defined risk, move on if it fails.
Not financial advice.
#GRVT #TradeSetup #FuturesTrading
