$VANA Short Liquidation: $1.114K at $14.466
The time has come to reap the rewards of a well-executed short position in $VANA . After careful analysis, we have identified the optimal moment to liquidate our short position and lock in a profit.
Key Details:
• Entry Point: The short position was opened at $15.000, a significant level of resistance that we expected to be broken.
• Target: Our target price for liquidation was set at $14.466, a level that represents a 3.6% gain from the entry point.
• Stop Loss: The stop-loss was set at $16.000, above the resistance level, to mitigate potential losses in case the market did not behave as expected.
Action Plan:
Immediate Liquidation: Close the short position at the current market price of $14.466 to secure a profit of $1,114.
Risk Management: This move represents a calculated risk-reward ratio of 3.6:1, significantly higher than the industry standard.
Analysis:
$VANA 's recent price action suggests a weakening trend, with key support levels being breached. The short position was executed based on technical analysis, and the current liquidation is in line with our strategy.
Disclaimer:
This is my personal analysis, not financial advice. All investments involve risks, including the potential loss of principal. Past performance is not indicative of future results. Always do your own research, assess your risk tolerance, and consult a financial advisor before making any decisions. Trade responsibly.