A 3% stop loss on a short GTC means each 1% move costs roughly 0.33% of position, so 3x leverage keeps risk near 1% of equity; the price is slipping below the recent swing low, eyeing the fairโvalue gap.
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๐ด
$GTC SHORT ๐
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๐ Entry Range: $0.121069 โ $0.121311
๐ Stop Loss: $0.124826 (-3.0%)
๐ฏ TP1: $0.119372 (+1.5%)
๐ TP2: $0.115130 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 64%
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The market broke structure with a CHoCH, CVD showed bearish volume, and a bearish order block sits right on the FVG, creating a POI confluence that pins the downside. With the price now testing the OBโFVG overlap, the short bias is solid.
A 3% SL is relatively tight on this 1.7 R/R trade, so 3โ4x leverage is appropriate.
Take half profit at the first target around the next resistance zone.
As always: manage your risk, this is not financial advice ๐
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