AVGO is setting up for a short with a confidence level of 91%. Current market structure suggests a high-probability trade with a 1:1.7 risk-to-reward ratio.

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🔴 AVGO SHORT 📉

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📍 Entry Range: $381.8478 – $382.6122

🛑 Stop Loss: $393.6969 (-3.0%)

🎯 TP1: $376.4966 (+1.5%)

🏆 TP2: $363.1185 (+5.0%)

⚡ R/R Ratio: 1:1.7

📊 Confidence: 91%

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The CHoCH signal indicates a market structure break, while CVD confirms the direction with volume. FVG and OB are overlapping, creating a strong POI confluence, which strengthens the case for this trade setup. This overlap suggests a potential imbalance in the market that can be exploited.

A 3.0% stop loss seems reasonable, allowing for a moderate leverage of around 2-3x to maximize returns without overexposing the position.

Taking partial profits at the first target point may be wise, as it allows for locking in some gains while still maintaining exposure to the potential larger move.

Not financial advice — always manage your own risk 🙏

#AVGOUSDT $AVGO #SMC #Write2Earn #Binance