GRASS is breaking down from a key market structure, with momentum accelerating to the downside. This move is gaining steam, and the entry window is rapidly closing.
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🔴 GRASS SHORT 📉
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📍 Entry Range: $0.336663 – $0.337337
🛑 Stop Loss: $0.347110 (-3.0%)
🎯 TP1: $0.331945 (+1.5%)
🏆 TP2: $0.320150 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 87%
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The CHoCH signal just fired, confirming the break of our key level, while CVD is showing volume confirming the direction of this move. Our order block is also overlapping with a point of interest, creating a high-probability zone for a short. The overall structure is looking bearish, with all signals pointing to a strong downtrend.
With a 3.0% stop loss, this is a fairly tight setup, so I'll be looking at using lower leverage to manage risk effectively.
Once we hit TP1, I'll be looking to take some profit off the table to lock in gains and free up capital for the next move.
Not financial advice — always manage your own risk 🙏
#GRASSUSDT $GRASS #SMC #Write2Earn #Binance