$CBRS SHORT 4H | A retest to measure near 178.25
Why it matters: 4H trend is bearish, with price near its fast EMA at 179.47. The 1H trend also points bearish.
My read: The pullback into 177.94–178.56 gives this idea a defined risk test. TP1 maps to 3.24R; a move above 179.44 invalidates the idea.
Entry zone: 177.94–178.56
Stop loss: 179.44
Targets: TP1 174.4 (3.24R) / TP2 173.36 (4.11R) / TP3 165.5 (10.71R)
Scale out: 20% / 30% / 50%
Is 3.24R to TP1 enough for the risk in this plan?
Why it matters: 4H trend is bearish, with price near its fast EMA at 179.47. The 1H trend also points bearish.
My read: The pullback into 177.94–178.56 gives this idea a defined risk test. TP1 maps to 3.24R; a move above 179.44 invalidates the idea.
Entry zone: 177.94–178.56
Stop loss: 179.44
Targets: TP1 174.4 (3.24R) / TP2 173.36 (4.11R) / TP3 165.5 (10.71R)
Scale out: 20% / 30% / 50%
Is 3.24R to TP1 enough for the risk in this plan?