VVV is setting up for a short with 84% confidence, offering a 1:1.7 risk/reward ratio. Current market conditions are ripe for a downturn, with key levels in place.
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🔴 VVV SHORT 📉
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📍 Entry Range: $12.9430 – $12.9690
🛑 Stop Loss: $13.3447 (-3.0%)
🎯 TP1: $12.7617 (+1.5%)
🏆 TP2: $12.3082 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 84%
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The CHoCH signal fired on the break of market structure, while FVG and OB are also aligned, indicating a strong confluence of factors pointing to a short. POI confluence of OB and FVG overlap further reinforces this view, suggesting a high-probability trade. This setup's technicals are supported by a clear market structure break.
A 3.0% stop loss is relatively tight, suggesting a moderate to high leverage may be suitable for this trade to maximize returns.
Taking partial profit at TP1 could be wise, given the 1:1.7 risk/reward ratio, to lock in some gains before the trade reaches its full potential.
Not financial advice — always manage your own risk 🙏
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