Auction short is eyeing the 5,120‑5,150 zone as sellers dominate the order flow, setting the stage for a decisive drop.
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$AUCTION SHORT 📉
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📍 Entry Range: $3.4495 – $3.4565
🛑 Stop Loss: $3.5566 (-3.0%)
🎯 TP1: $3.4012 (+1.5%)
🏆 TP2: $3.2803 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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The market busted a higher low, delivering a clear CHoCH while CVD turned sharply negative, confirming the bearish bias. An order block at 5,130 overlaps a fair‑value gap, and a liquidity sweep ripped through 5,150, creating a POI where the OB and FVG confluence sits.
A 3.0% stop is relatively tight for a 1:1.7 R/R, so keep leverage modest, around 5x.
Consider locking in half the position near the first profit target around 5,080.
DYOR — this isn't financial advice, size your risk accordingly 🙏
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