$TAO The appropriate level for setting the risk limit (stop loss) for this short trade is 244.50 (just above the liquidity sweep zone by about 2.3%); the bearish scenario is invalidated if a 4-hour candle closes above 245.00.
The full version of the post:
$TAO is having trouble finding buyers despite the rebound; and the CVD divergence is screaming that this is a trap. Selling on liquidity grab.
Let's take advantage of the decline $TAO :
* Entry price for the position: 236.04 - 238.85
* Take-profit target 1: 226.67
* Take-profit target 2: 218.05
* Risk limit: 244.50 (a close above 245.00 invalidates the analysis)
Risk/Reward management data:
* Risk-to-reward ratio for the first target: ~ 1 : 1.5
* Risk-to-reward ratio for the second target: ~ 1 : 2.75
* Capital allocation: it is recommended not to exceed 2% to 3% of the portfolio due to the currency's volatility.
The full version of the post:
$TAO is having trouble finding buyers despite the rebound; and the CVD divergence is screaming that this is a trap. Selling on liquidity grab.
Let's take advantage of the decline $TAO :
* Entry price for the position: 236.04 - 238.85
* Take-profit target 1: 226.67
* Take-profit target 2: 218.05
* Risk limit: 244.50 (a close above 245.00 invalidates the analysis)
Risk/Reward management data:
* Risk-to-reward ratio for the first target: ~ 1 : 1.5
* Risk-to-reward ratio for the second target: ~ 1 : 2.75
* Capital allocation: it is recommended not to exceed 2% to 3% of the portfolio due to the currency's volatility.