CBRS is breaking down from a critical market structure, and the momentum is picking up steam. This short setup is unfolding rapidly, with a clear entry window that's not going to stay open for long.
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๐ด CBRS SHORT ๐
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๐ Entry Range: $203.1367 โ $203.5433
๐ Stop Loss: $209.4402 (-3.0%)
๐ฏ TP1: $200.2899 (+1.5%)
๐ TP2: $193.1730 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 88%
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The CHoCH signal just fired, confirming the market structure break, while CVD is showing volume is firmly behind this move, and we've got a gaping FVG that's just begging to get filled. The OB and POI confluence is the icing on the cake, telling us this is more than just a fleeting retracement. With all these signals aligning, the case for a CBRS short is getting harder to ignore.
A 3.0% stop loss is relatively tight, so we'll want to keep leverage in check, likely around 2-3x to balance out the risk-reward ratio of 1:1.7.
Once we reach the first target, it's probably wise to take some profit off the table, as this is a high-confidence trade, but even the best setups can see a reversal, so banking half at TP1 makes sense.
Not financial advice โ always manage your own risk ๐
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