G is showing a clear break of market structure, setting up for a long trade. Current price is poised for a potential upside move.
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$G LONG 📈
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📍 Entry Range: $0.003393 – $0.003399
🛑 Stop Loss: $0.003294 (-3.0%)
🎯 TP1: $0.003447 (+1.5%)
🏆 TP2: $0.003566 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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This setup is driven by a combination of signals including a CHoCH break, CVD confirmation, and a notable FVG. The presence of an OB and POI confluence adds strength to the trade. The market structure suggests a potential reversal is underway.
With a 3.0% stop loss, which is relatively wide for this trade, leverage of 5x or lower is suitable to maintain risk management.
Taking partial profit at TP1 is advisable to lock in gains, given the 1:1.7 risk to reward ratio, which allows for scaling out of the position.
Not financial advice — always manage your own risk 🙏
$G #G #CardanoToActivateVanRossemUpgradeJuly19 #TradingSignals #Write2Earn