SAND is showing a clear breakdown in market structure, with a key level giving way to selling pressure. This has opened up a shorting opportunity with defined risk.
🔴 $SAND SHORT 📉
Entry $0.040909-$0.040991 | SL $0.042179 (-3.0%) | TP1 $0.040336 (+1.5%) | TP2 $0.038902 (+5.0%) | R/R 1:1.7 | Conf 64%
The setup is triggered by a combination of signals including a CHoCH market structure break, volume confirming direction via CVD, and a notable FVG fair value gap. Additionally, the presence of an OB order block and liquidity sweep, coupled with a POI confluence where OB and FVG overlap, strengthens the case for this short. The overall structure suggests a high likelihood of a downward move.
With a 3.0% stop loss, which is relatively tight, this trade will likely require moderate leverage to achieve the desired risk-reward ratio of 1:1.7, indicating a need for careful position sizing.
Taking partial profit at the first target could be wise, as it allows for the realization of some gains while letting the remainder of the position ride out the potential for further downside in SAND.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$SAND #SANDUSDT #SMC #TradingSignals #Write2Earn
🔴 $SAND SHORT 📉
Entry $0.040909-$0.040991 | SL $0.042179 (-3.0%) | TP1 $0.040336 (+1.5%) | TP2 $0.038902 (+5.0%) | R/R 1:1.7 | Conf 64%
The setup is triggered by a combination of signals including a CHoCH market structure break, volume confirming direction via CVD, and a notable FVG fair value gap. Additionally, the presence of an OB order block and liquidity sweep, coupled with a POI confluence where OB and FVG overlap, strengthens the case for this short. The overall structure suggests a high likelihood of a downward move.
With a 3.0% stop loss, which is relatively tight, this trade will likely require moderate leverage to achieve the desired risk-reward ratio of 1:1.7, indicating a need for careful position sizing.
Taking partial profit at the first target could be wise, as it allows for the realization of some gains while letting the remainder of the position ride out the potential for further downside in SAND.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$SAND #SANDUSDT #SMC #TradingSignals #Write2Earn