GUA is poised for a downturn, with price action hinting at a reversal. A short setup is emerging, backed by a trifecta of key signals.
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๐ด GUA SHORT ๐
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๐ Entry Range: $0.835863 โ $0.837537
๐ Stop Loss: $0.861801 (-3.0%)
๐ฏ TP1: $0.824149 (+1.5%)
๐ TP2: $0.794865 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 94%
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The market structure break, also known as CHoCH, has been confirmed, while the fair value gap and order block are both flashing red, indicating a significant area of interest. This confluence of signals, combined with the POI overlap, suggests a high-probability short opportunity. The overall structure looks primed for a move lower, with these signals firing in tandem.
A 3.0% stop loss may be considered relatively tight, but with a 1:1.7 risk-to-reward ratio, using 2x leverage could be a viable approach to maximize potential gains while keeping risk in check.
Taking partial profits at the first target point could be a prudent strategy, allowing for the realization of some gains while letting the remaining position ride out the potential for further downside movement.
Not financial advice โ always manage your own risk ๐
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