Entry: 110,200
Current Price: 105,633
After entering short at 110.2K, price action has validated the downside thesis, moving steadily toward our planned take-profit zones.
Trade Management:
We are scaling out incrementally at key support levels (see red dots on chart):
104,979
104,414
104,001
Final targets are staged around 103,000 and 102,595, where significant historical liquidity resides. This incremental approach allows us to secure profits while staying positioned for further downside should selling accelerate.
Risk:
If price reclaims the 106,800–107,000 zone on strong momentum, we will reassess the short thesis and manage exposure accordingly.
Thesis:
All levels are chosen based on prior demand clusters and high-volume areas. This systematic approach helps derisk the position while participating in potential continuation.
This is not financial advice. Trade your own plan.
Current Price: 105,633
After entering short at 110.2K, price action has validated the downside thesis, moving steadily toward our planned take-profit zones.
Trade Management:
We are scaling out incrementally at key support levels (see red dots on chart):
104,979
104,414
104,001
Final targets are staged around 103,000 and 102,595, where significant historical liquidity resides. This incremental approach allows us to secure profits while staying positioned for further downside should selling accelerate.
Risk:
If price reclaims the 106,800–107,000 zone on strong momentum, we will reassess the short thesis and manage exposure accordingly.
Thesis:
All levels are chosen based on prior demand clusters and high-volume areas. This systematic approach helps derisk the position while participating in potential continuation.
This is not financial advice. Trade your own plan.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.