$CRCL SHORT 1H | Structure favors a plan at 83.13
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 83.08–83.18 keeps the continuation plan measured. TP1 maps to 1.39R; a move above 83.46 invalidates the idea.
Entry zone: 83.08–83.18
Stop loss: 83.46
Targets: TP1 82.67 (1.39R) / TP2 82.22 (2.76R) / TP3 82.04 (3.3R)
Scale out: 20% / 30% / 50%
Is 1.39R to TP1 enough for the risk in this plan?
Why it matters: 1H trend and market structure are both bearish. The 15M trend also points bearish.
My read: A controlled entry around 83.08–83.18 keeps the continuation plan measured. TP1 maps to 1.39R; a move above 83.46 invalidates the idea.
Entry zone: 83.08–83.18
Stop loss: 83.46
Targets: TP1 82.67 (1.39R) / TP2 82.22 (2.76R) / TP3 82.04 (3.3R)
Scale out: 20% / 30% / 50%
Is 1.39R to TP1 enough for the risk in this plan?