ARM is showing significant weakness after breaking down from a key market structure, with price now hovering near a crucial order block. This area has historically been a magnet for price, making it a prime target for a short trade.
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🔴 ARM SHORT 📉
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📍 Entry Range: $344.9847 – $345.6753
🛑 Stop Loss: $355.6899 (-3.0%)
🎯 TP1: $340.1500 (+1.5%)
🏆 TP2: $328.0635 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
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The combination of a market structure break, volume confirming direction, and a fair value gap all point towards a high-probability short setup. Additionally, the presence of an order block and point of interest confluence adds significant weight to this trade, as it suggests a potential area of heavy interest from other market participants. The chart is essentially screaming for a move lower from here.
With a 3.0% stop loss, which is relatively tight given the current volatility, a leverage of 3-4 times is likely the sweet spot to maximize returns while keeping risk in check.
Taking partial profits at the first target, which coincides with a key support level, will be a sensible move to lock in some gains and adjust the stop loss to break even.
Not financial advice — always manage your own risk 🙏
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