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#GateSquareAprilPostingChallenge $RLS – Already extended into the top of the move, getting stretched here
Trading Plan Short $RLS ( max 10x )
Entry: 0.0053 – 0.0057
SL: 0.0063
TP: 0.0048
TP: 0.0044
TP: 0.0040
Price has pushed further up, which makes it more extended rather than stronger. The move is starting to look stretched, and continuation is less clean now. When price runs into this kind of extension without strong follow-through, it often sets up for a sharper pullback as sellers