We're seeing some strong rejection on TONUSDT here. I feel like the price is going to retest the BOS structure, and then the POI Zone below.
Just trying my luck here at the short. Ideally, I'd like to enter at the POI zone for a long position. But with such a tight SL, doesn't hurt to give it a try.
Entry Price: 5.174
SL: 5.192 (Just above recent the high of the trend.)
TP1: 5.145
TP2: 5.12
TP3: 5.07
Will be trailing my Stop-Losses.
It'll give me around 1:5.78 RR. Going in with a small volume that I don't mind losing.
Happy Trading!
Just trying my luck here at the short. Ideally, I'd like to enter at the POI zone for a long position. But with such a tight SL, doesn't hurt to give it a try.
Entry Price: 5.174
SL: 5.192 (Just above recent the high of the trend.)
TP1: 5.145
TP2: 5.12
TP3: 5.07
Will be trailing my Stop-Losses.
It'll give me around 1:5.78 RR. Going in with a small volume that I don't mind losing.
Happy Trading!
Note
I think I missed the PT1 by a little bit. Should've had it a little above the previous high, but I took some off at 5.147, moved my SL at entry and going to ride it for the next 2 TP's.Trade closed: target reached
TP1 was hit, and SL was triggered at entry. Still a green trade! 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.