FLNC is cracking under pressure, ripe for a short as momentum builds against it. The timing is crucial here, with a brief window to capitalize on the downturn.
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๐ด FLNC SHORT ๐
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๐ Entry Range: $24.9650 โ $25.0150
๐ Stop Loss: $25.7397 (-3.0%)
๐ฏ TP1: $24.6151 (+1.5%)
๐ TP2: $23.7405 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 88%
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This FLNC short setup is triggered by a potent mix of signals - a clear market structure break via CHoCH, volume confirming the downward direction courtesy of CVD, and the presence of both an order block and a fair value gap that's now a confluence point of interest. The overlap of these elements paints a compelling picture of a move in motion. With the market structure now compromised, the path of least resistance is to the downside.
A 3.0% stop loss might be considered on the tighter side for some, but with the right leverage, this trade can be effectively managed to maximize the 1:1.7 risk to reward ratio.
Taking partial profits at the first target could be a savvy move, locking in some gains before the market has a chance to reassess and potentially reverse the trend.
Not financial advice โ always manage your own risk ๐
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