Specification
US100Cash (Nasdaq 100) M5 chart and the current SELL setup,Stop Loss and Take Profit levels.
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🔻 SELL Trade Plan (Short Position)
✅ Entry:
Sell near 23195–23200 (current level is within this zone).
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📍 Stop Loss (SL):
Place above recent resistance, where price was rejected.
🔺 Stop Loss: 23260
(Above the recent swing high — gives the trade breathing room)
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🎯 Take Profit (TP):
Use recent support levels as targets:
🎯 Conservative TP1: 23140
A safe first target, near recent minor support.
🎯 Aggressive TP2: 23070
Deeper support level; hit in earlier session (seen on July 24 around 07:30).
🎯 Extra Aggressive TP3: 22995
Major structure low; would take longer, more suitable if trend continues strongly.
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📊 Risk-Reward Example:
Level Value Distance
Entry (Sell) 23195 -
Stop Loss 23260 -65 pts
Take Profit 1 23140 +55 pts
Take Profit 2 23070 +125 pts
Take Profit 3 22995 +200 pts
If you aim for TP2 or TP3, you're getting a 2:1 or 3:1 risk-reward, which is solid for intraday.
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🔐 Optional Strategy:
Set TP1 as partial close (e.g. close half your trade there).
Move SL to break-even once TP1 hits.
Let the rest run to TP2 or TP3.
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