NATGAS is primed for a downturn after a significant market structure break, with price action now hinting at a potential reversal. Current conditions suggest a short setup is viable, with multiple signals aligning in favor of a downward move.
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🔴 NATGAS SHORT 📉
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📍 Entry Range: $3.1708 – $3.1772
🛑 Stop Loss: $3.2692 (-3.0%)
🎯 TP1: $3.1264 (+1.5%)
🏆 TP2: $3.0153 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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The CHoCH signal has fired, indicating a break in market structure, while CVD confirms that volume is supporting the direction of the trade. Additionally, the presence of an FVG and an OB, compounded by a POI confluence where the OB and FVG overlap, strengthens the case for a short setup. This confluence of signals suggests a high-confidence trade opportunity.
A 3.0% stop loss may be considered tight by some standards, but given the leverage logic and the quality of the setup, it fits well with a modest leverage approach to maximize the 1:1.7 risk/reward ratio.
Taking partial profit at the first target point could be a prudent move, allowing traders to capitalize on some of the gains while the trade is still in their favor, before potentially letting the rest of the position run to maximize returns.
Not financial advice — always manage your own risk 🙏
#NATGASUSDT $NATGAS #SMC #Write2Earn #Binance
━━━━━━━━━━━━━━━━━━━━━
🔴 NATGAS SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $3.1708 – $3.1772
🛑 Stop Loss: $3.2692 (-3.0%)
🎯 TP1: $3.1264 (+1.5%)
🏆 TP2: $3.0153 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH signal has fired, indicating a break in market structure, while CVD confirms that volume is supporting the direction of the trade. Additionally, the presence of an FVG and an OB, compounded by a POI confluence where the OB and FVG overlap, strengthens the case for a short setup. This confluence of signals suggests a high-confidence trade opportunity.
A 3.0% stop loss may be considered tight by some standards, but given the leverage logic and the quality of the setup, it fits well with a modest leverage approach to maximize the 1:1.7 risk/reward ratio.
Taking partial profit at the first target point could be a prudent move, allowing traders to capitalize on some of the gains while the trade is still in their favor, before potentially letting the rest of the position run to maximize returns.
Not financial advice — always manage your own risk 🙏
#NATGASUSDT $NATGAS #SMC #Write2Earn #Binance