STX slipped below 1.08, now hovering near the 1.06 support, eyes on the next 0.5% bounce. A break of the 1.07 high signals fresh weakness.
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$STX SHORT 📉 — Trade Plan
• Entry: $0.264435 – $0.264965
• Stop: $0.272641 (-3.0%)
• Target 1: $0.260730 (+1.5%)
• Target 2: $0.251465 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The market structure break (CHoCH) paired with volume confirmation (CVD) set the tone, while a fair value gap sits inside a prior order block, forming a POI where the OB and FVG overlap. The confluence drives the short bias to 64% confidence and a 1:1.7 risk‑reward profile.
A 3.0% stop is relatively tight, so using 2‑3x leverage keeps risk manageable.
Take half the position off at the first target around 1.02.
Not financial advice — always manage your own risk 🙏
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