NATGAS is looking juicy for a short right now, just broke market structure and I'm loving the confluence here. Got my eyes on a potential drop.
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🔴 NATGAS SHORT 📉
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📍 Entry Range: $3.1788 – $3.1852
🛑 Stop Loss: $3.2775 (-3.0%)
🎯 TP1: $3.1343 (+1.5%)
🏆 TP2: $3.0229 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 94%
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CHoCH just fired, indicating a break in market structure, and we've also got a fair value gap and an order block overlapping - that's a pretty strong signal to me. The POI confluence is what really seals the deal, makes me think we're due for a move. Structure's looking pretty weak too, so I'm hoping for a decent drop.
With a 3.0% stop loss, I think we're looking at a relatively tight risk, which means I'll be using lower leverage to keep things manageable.
If we hit TP1, I'm taking some profit off the table, don't want to get greedy and let a winner turn into a loser
Not financial advice — always manage your own risk 🙏
#NATGASUSDT $NATGAS #SMC #Write2Earn #Binance
━━━━━━━━━━━━━━━━━━━━━
🔴 NATGAS SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $3.1788 – $3.1852
🛑 Stop Loss: $3.2775 (-3.0%)
🎯 TP1: $3.1343 (+1.5%)
🏆 TP2: $3.0229 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 94%
━━━━━━━━━━━━━━━━━━━━━
CHoCH just fired, indicating a break in market structure, and we've also got a fair value gap and an order block overlapping - that's a pretty strong signal to me. The POI confluence is what really seals the deal, makes me think we're due for a move. Structure's looking pretty weak too, so I'm hoping for a decent drop.
With a 3.0% stop loss, I think we're looking at a relatively tight risk, which means I'll be using lower leverage to keep things manageable.
If we hit TP1, I'm taking some profit off the table, don't want to get greedy and let a winner turn into a loser
Not financial advice — always manage your own risk 🙏
#NATGASUSDT $NATGAS #SMC #Write2Earn #Binance