SHORT MSTX
SHORT MSTX - High-Probability Setup
I'm sharing my analysis on MSTX with a short position in mind, leveraging a calculated risk/reward approach. Here's the breakdown of my thought process:
Technical Overview
Current Price: $101.53
Stop Loss: $118.14 (16.75% risk)
Target Price: $62.28 (38.45% reward)
Risk/Reward Ratio: 2.3
Key Indicators & Analysis
Bollinger Bands: The price is showing volatility contraction, which often precedes significant price movement.
Moving Averages: The red MA suggests bearish momentum aligning with a trend reversal.
Volume Profile: A spike in volume near recent highs indicates selling pressure.
Reasoning
This trade is based on the hypothesis of a potential breakdown below the $100 psychological support. Given the steep climb followed by a pullback, there is a strong probability of further downside toward the $60-$62 zone, where previous support lies.
The stop loss at $118 accounts for a potential false breakout, while the target ensures a favorable reward relative to the risk taken.
Let me know your thoughts or if you see other opportunities in MSTX! Always open to feedback and discussion. Happy trading!
I'm sharing my analysis on MSTX with a short position in mind, leveraging a calculated risk/reward approach. Here's the breakdown of my thought process:
Technical Overview
Current Price: $101.53
Stop Loss: $118.14 (16.75% risk)
Target Price: $62.28 (38.45% reward)
Risk/Reward Ratio: 2.3
Key Indicators & Analysis
Bollinger Bands: The price is showing volatility contraction, which often precedes significant price movement.
Moving Averages: The red MA suggests bearish momentum aligning with a trend reversal.
Volume Profile: A spike in volume near recent highs indicates selling pressure.
Reasoning
This trade is based on the hypothesis of a potential breakdown below the $100 psychological support. Given the steep climb followed by a pullback, there is a strong probability of further downside toward the $60-$62 zone, where previous support lies.
The stop loss at $118 accounts for a potential false breakout, while the target ensures a favorable reward relative to the risk taken.
Let me know your thoughts or if you see other opportunities in MSTX! Always open to feedback and discussion. Happy trading!
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