🔴 Short $COMP: entry 24.76, sl 25.73, tp 22.82 (1:2)
Looking back 3 days, COMP has dropped about 16%. That is the leg this trade hangs on. Nothing fancy in the structure: 38% pullback, lower low, and a clean inducement sitting at 24.85. The market came down for 24.85, cleared the stops sitting above and the 1h candle shut back under it straight away. Plan is simple: in at 24.76, out at 25.73 if I'm wrong, 22.82 if I'm right. That's 1:2.
DYOR.
Looking back 3 days, COMP has dropped about 16%. That is the leg this trade hangs on. Nothing fancy in the structure: 38% pullback, lower low, and a clean inducement sitting at 24.85. The market came down for 24.85, cleared the stops sitting above and the 1h candle shut back under it straight away. Plan is simple: in at 24.76, out at 25.73 if I'm wrong, 22.82 if I'm right. That's 1:2.
DYOR.
