Sometimes short trades prove their worth even in tight ranges! 📉🔴 SHORT trade on the $VELVET /USDT pair: the price is heading downward.
Trend: SHORT · Strong.
📍 **Entry range:** 0.0581 – 0.0585
🎯 **Targets:**
* TP1: 0.0562 (-3.6%)
* TP2: 0.05489 (-6.0%)
* TP3: 0.05278 (-9.6%)
🛑 **Stop loss (SL):** 0.0611748 (+4.8%)
📋 **Trading plan:**
Entry is limited to the specified range only. We will close 50% of the position at the first target (TP1), 25% at the second target (TP2), and 25% at the third target (TP3). Most importantly, move the stop loss to the entry zone as soon as the first target is hit to secure the entire trade.
🔍 **Why did I choose this short trade?**
6 out of 12 indicators confirm this direction, and none oppose it:
* The daily trend is strongly bearish (the price is trading below the EMA50 and EMA200).
* The four-hour (4h) trend is fully bearish, below the moving averages.
* The one-hour (1h) trend confirms the same negative pressure.
⚙️ **Success and failure scenarios:**
* **If things go according to plan:** A break of the hourly levels will allow the bearish daily trend to pull the price lower, with the hourly Relative Strength Index (RSI) confirming the sellers' control and momentum.
* **If the price moves against us:** If the price recovers to the entry zone, the short idea is immediately invalidated; I’ll exit the trade without hesitation and wait for a new, clean short opportunity.
Guys, where would you place your stop loss if you were with me in this trade?
Trend: SHORT · Strong.
📍 **Entry range:** 0.0581 – 0.0585
🎯 **Targets:**
* TP1: 0.0562 (-3.6%)
* TP2: 0.05489 (-6.0%)
* TP3: 0.05278 (-9.6%)
🛑 **Stop loss (SL):** 0.0611748 (+4.8%)
📋 **Trading plan:**
Entry is limited to the specified range only. We will close 50% of the position at the first target (TP1), 25% at the second target (TP2), and 25% at the third target (TP3). Most importantly, move the stop loss to the entry zone as soon as the first target is hit to secure the entire trade.
🔍 **Why did I choose this short trade?**
6 out of 12 indicators confirm this direction, and none oppose it:
* The daily trend is strongly bearish (the price is trading below the EMA50 and EMA200).
* The four-hour (4h) trend is fully bearish, below the moving averages.
* The one-hour (1h) trend confirms the same negative pressure.
⚙️ **Success and failure scenarios:**
* **If things go according to plan:** A break of the hourly levels will allow the bearish daily trend to pull the price lower, with the hourly Relative Strength Index (RSI) confirming the sellers' control and momentum.
* **If the price moves against us:** If the price recovers to the entry zone, the short idea is immediately invalidated; I’ll exit the trade without hesitation and wait for a new, clean short opportunity.
Guys, where would you place your stop loss if you were with me in this trade?