SPX SHORT IDEA

Nov 27

↳Shorting SPX6900 here, not sure why this shitcoin is so strong


Note: not a lot of liquidity/volume on Hyperliquid, Binance futures better, if you trade other exchanges check liquidity.

Nov 27

Trade closed: target reached

1.5r done

to get proper signal join my premium

Nov 28

Note

Here is the breakdown of this Short setup and why we exited early at 2r
1. The Setup: Bearish Order Block (OB)


The Reality: We identified this as a Bearish Order Block—a zone where institutions previously offloaded heavy inventory. We expected a defense of this level.

Change of Character (CHoCH): Price broke the local structure low, signaling that control had shifted from buyers to sellers.

Volume Pressure: The rejection was accompanied by a surge in Sell Volume, confirming genuine intent to push lower.

3. The Discipline: Why We Exited at 2R
Our initial target was lower,

The Reason: A Bullish Fair Value Gap (FVG) formed against us on the 15m chart.


Result: Banked +2% gain.

Drawdown: Protected.

Summary
We shorted the Bearish OB, confirmed with CHoCH, and respected the Bullish FVG for the exit. This is how you trade high-volatility assets like SPX6900 without gambling.