🚨 SHORT SETUP: $ONG / USDT
Bias: SHORT 📉 (Moderate Conviction)
Position Size: Keep size light (moderate conviction play)
Entry Zone: 0.0702118 – 0.0705482 (Enter strictly inside the zone)
Stop Loss (SL): 0.0739378 (+5.1%)
🎯 Take-Profit Targets:
TP1: 0.0677116 (-3.8%) — Close 50% & move stop-loss to entry
TP2: 0.0659327 (-6.3%) — Close 25%
TP3: 0.0632644 (-10.1%) — Close remaining 25%
📊 Market Breakdown & Rationale
Trend Alignment: Both the 4h and 1h trends are pointing down (price is trading below both the EMA50 and EMA200).
Momentum: Sellers are actively driving the move (15m ADX at 24.4).
Daily Context: Daily timeframe is currently ranging, but lower timeframes favor downside continuation.
Key Invalidation: Watching for price to respect the upper boundary of the entry zone at 0.0705482.
Current Risk: Buyers are showing a slight push on the immediate timeframe (+0.69% 15m candle), so patience at the entry zone is key.
Execution Plan: Scale in within the entry zone, lock in profits and secure a risk-free trade at TP1, and let the rest run down to deeper targets.
Full setup charted above. Manage your risk accordingly!
$ONE
$USDC
$LINK
#EarningsSeason #USMidtermElections
Bias: SHORT 📉 (Moderate Conviction)
Position Size: Keep size light (moderate conviction play)
Entry Zone: 0.0702118 – 0.0705482 (Enter strictly inside the zone)
Stop Loss (SL): 0.0739378 (+5.1%)
🎯 Take-Profit Targets:
TP1: 0.0677116 (-3.8%) — Close 50% & move stop-loss to entry
TP2: 0.0659327 (-6.3%) — Close 25%
TP3: 0.0632644 (-10.1%) — Close remaining 25%
📊 Market Breakdown & Rationale
Trend Alignment: Both the 4h and 1h trends are pointing down (price is trading below both the EMA50 and EMA200).
Momentum: Sellers are actively driving the move (15m ADX at 24.4).
Daily Context: Daily timeframe is currently ranging, but lower timeframes favor downside continuation.
Key Invalidation: Watching for price to respect the upper boundary of the entry zone at 0.0705482.
Current Risk: Buyers are showing a slight push on the immediate timeframe (+0.69% 15m candle), so patience at the entry zone is key.
Execution Plan: Scale in within the entry zone, lock in profits and secure a risk-free trade at TP1, and let the rest run down to deeper targets.
Full setup charted above. Manage your risk accordingly!
$ONE
$USDC
$LINK
#EarningsSeason #USMidtermElections
