SPACE is breaking down from a key market structure, with momentum building for a sharp move lower. The entry window is now, with the next few candles critical for establishing the short trend.
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$SPACE SHORT 📉
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📍 Entry Range: $0.006518 – $0.006532
🛑 Stop Loss: $0.006721 (-3.0%)
🎯 TP1: $0.006427 (+1.5%)
🏆 TP2: $0.006199 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 94%
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This setup fired on multiple signals, including a clear CHoCH break, CVD confirming the direction with volume, and a significant FVG that's been left unfilled - all of which are aligning with an OB and liquidity sweep for a potent short trigger. The POI confluence of OB and FVG overlap adds conviction to the trade. Overall, the market structure looks primed for a drop.
A 3.0% stop loss is relatively tight, suggesting a lower leverage setup to avoid premature stops, potentially in the range of 2-3x to balance risk and reward effectively.
Taking partial profits at TP1 is a prudent approach, allowing traders to bank some gains while the trade is still in motion and then letting the remaining position ride out the full potential of the move.
Not financial advice — always manage your own risk 🙏
$SPACE #SPACEUSDT #trading #TradingSignals #Write2Earn