$M USDT.PSHORT SETUP
Current Market Setup:
MUSDT is displaying a bearish market structure on the 15-minute timeframe, characterized by a recent Break of Structure (BOS) to the downside. The price recently pulled back into a Fair Value Gap (FVG) supply zone around the 1.0800 - 1.0900 level and met immediate selling pressure.
Trade Idea: Short Entry
Entry Zone: 1.0700 - 1.0820 (Looking for entries on retests of supply/FVG)
Target 1: 1.0650
Target 2: 1.0500
Target 3: 1.0200
EXTENDED TP : 0.988
Stop Loss: 1.0920 (Above recent local high and FVG invalidation)
Market Context:
Sellers are actively defending the upper Fair Value Gap. As long as price holds below key resistance near 1.0900, the downward momentum remains intact with liquidity sitting below recent lows.
Risk Management Note:
Always manage your risk according to your strategy. Use proper position sizing and set stop losses before entering the trade.$M
Current Market Setup:
MUSDT is displaying a bearish market structure on the 15-minute timeframe, characterized by a recent Break of Structure (BOS) to the downside. The price recently pulled back into a Fair Value Gap (FVG) supply zone around the 1.0800 - 1.0900 level and met immediate selling pressure.
Trade Idea: Short Entry
Entry Zone: 1.0700 - 1.0820 (Looking for entries on retests of supply/FVG)
Target 1: 1.0650
Target 2: 1.0500
Target 3: 1.0200
EXTENDED TP : 0.988
Stop Loss: 1.0920 (Above recent local high and FVG invalidation)
Market Context:
Sellers are actively defending the upper Fair Value Gap. As long as price holds below key resistance near 1.0900, the downward momentum remains intact with liquidity sitting below recent lows.
Risk Management Note:
Always manage your risk according to your strategy. Use proper position sizing and set stop losses before entering the trade.$M
