ILVUSDT Short opportunity
🚀 **Bearish Continuation Setup - 5-Min Chart**
**Overview:**
The market is exhibiting signs of bearish continuation, with the previous day's high consolidating. The current support trendline and VWAP on the 5-minute chart frame have been breached. The price action is forming lower highs and lows, indicating potential downward momentum.
**Technical Analysis:**
- **Entry Point:** If the price breaks below the current support at 72.80, we'll consider entering at 72.59.
- **Target:** The target for this trade is set at 70.47, aligning with the bearish momentum.
- **Stop Loss:** To manage risk, set the stop-loss at the previous day's high and today's high wick, around 74.04.
**Risk-Reward Ratio:**
Maintaining a healthy risk-reward ratio is essential. In this case, the potential reward of reaching 70.47 outweighs the risk of the stop-loss at 74.04.
**Disclaimer:**
Trading carries inherent risks, and it's crucial to conduct your own analysis. This idea is for educational purposes only. Be aware of market fluctuations and adjust your strategy accordingly.
**Conclusion:**
With a clear breakdown of the technical setup, entry point, targets, and risk management, this trade aims to capitalize on the bearish momentum observed in the current market conditions. As always, stay informed and adapt to changing market dynamics. Share your thoughts and questions below!
Happy Trading! 📉🔥
**Overview:**
The market is exhibiting signs of bearish continuation, with the previous day's high consolidating. The current support trendline and VWAP on the 5-minute chart frame have been breached. The price action is forming lower highs and lows, indicating potential downward momentum.
**Technical Analysis:**
- **Entry Point:** If the price breaks below the current support at 72.80, we'll consider entering at 72.59.
- **Target:** The target for this trade is set at 70.47, aligning with the bearish momentum.
- **Stop Loss:** To manage risk, set the stop-loss at the previous day's high and today's high wick, around 74.04.
**Risk-Reward Ratio:**
Maintaining a healthy risk-reward ratio is essential. In this case, the potential reward of reaching 70.47 outweighs the risk of the stop-loss at 74.04.
**Disclaimer:**
Trading carries inherent risks, and it's crucial to conduct your own analysis. This idea is for educational purposes only. Be aware of market fluctuations and adjust your strategy accordingly.
**Conclusion:**
With a clear breakdown of the technical setup, entry point, targets, and risk management, this trade aims to capitalize on the bearish momentum observed in the current market conditions. As always, stay informed and adapt to changing market dynamics. Share your thoughts and questions below!
Happy Trading! 📉🔥
Kommentera:
when it gonna our sell zone, we are gonna short and SL and take profit will be remain same!
Order avbruten:
it didn't close in our setup !