Analysis of yesterday's trade $GRASS ⚡️
Here I want to separately show the logic that was behind our position and the stop placement
I intentionally set the stop below the local liquidity—at 0.3232—so it wouldn't get triggered by a normal sweep before the main move. In the end, the market did exactly that: after our entry, they pushed the price down, swept the liquidity, and literally one tick was missing to reach our stop. After the sweep, we immediately got a strong reaction from buyers and an impulse upward
Next, the price fully played out our scenario—took all three take-profits
A good example of why you can't just place a stop too close. With it positioned behind the liquidity, we were able to withstand the manipulation and capture the entire subsequent move
Here I want to separately show the logic that was behind our position and the stop placement
I intentionally set the stop below the local liquidity—at 0.3232—so it wouldn't get triggered by a normal sweep before the main move. In the end, the market did exactly that: after our entry, they pushed the price down, swept the liquidity, and literally one tick was missing to reach our stop. After the sweep, we immediately got a strong reaction from buyers and an impulse upward
Next, the price fully played out our scenario—took all three take-profits
A good example of why you can't just place a stop too close. With it positioned behind the liquidity, we were able to withstand the manipulation and capture the entire subsequent move