đŽ $SAFE Short setup
Entry: 0.11348
Stop level: 0.117615
TP: 0.10521
R:R 1:2
SAFE had a 15% dump spread over about 2 days, so there was a clear leg to work with. I marked 0.11372 as the inducement once the low broke; the bounce into it was about 33% of the leg. Sweep of 0.11372, then a close back under it straight away. That's the whole trigger for me. Risking about 3.64% to get to 0.10521, so it pays 2R if the fresh low gets revisited.
Manage your own risk.
Entry: 0.11348
Stop level: 0.117615
TP: 0.10521
R:R 1:2
SAFE had a 15% dump spread over about 2 days, so there was a clear leg to work with. I marked 0.11372 as the inducement once the low broke; the bounce into it was about 33% of the leg. Sweep of 0.11372, then a close back under it straight away. That's the whole trigger for me. Risking about 3.64% to get to 0.10521, so it pays 2R if the fresh low gets revisited.
Manage your own risk.
