$RLC 👈 Real chart is here, ignore the bottom tag, it is a different chart
Long 📈
📍 Entry 0.986
🛑 Stop level 0.9147
🎯 Target 1.1285
0.94 is the low of that 87% pullback, the level where early longs had their stops. 0.94 got swept and reclaimed, while the high at 1.1285 is still untouched. Risking about 7.23% to get to 1.1285, so it pays 2R if the high gets revisited. Not chasing if it runs away from the entry, I'd rather wait for the next one.
DYOR.
Long 📈
📍 Entry 0.986
🛑 Stop level 0.9147
🎯 Target 1.1285
0.94 is the low of that 87% pullback, the level where early longs had their stops. 0.94 got swept and reclaimed, while the high at 1.1285 is still untouched. Risking about 7.23% to get to 1.1285, so it pays 2R if the high gets revisited. Not chasing if it runs away from the entry, I'd rather wait for the next one.
DYOR.