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Kusama broke down this triangle📐 and I think there is chance for run to 15 and even lower which would mean -33% loss of value from current price. Setting SELL LIMIT order to previous range low to catch🎣 the pullback.
ENTRY: local low @ 24.00
STOPLOSS (SL): local high @ 26.08
TARGET (TP): height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 15.00
REWARD RISK RATIO (RRR): 4.43
INVALIDATION: when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade active
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Order filled ✔️
Trade closed: stop reached
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Stoploss hit 🛑 Maybe breaking to the other side (upside) or may just get broader triangle before downside breakout.