I lean toward a short in previous trade due to the prevailing downtrend, but monitor for a breakout above $41.00, which would invalidate the short and favor a long.
Now the price breaks above $41, I switch to Long
• Long Trade (alternative, if bullish reversal confirmed):
• Entry: $40.55
• Take Profit (TP): $42.00 (next resistance level, ~3.5% rise, yielding ~35% gain with 10x leverage)
• Stop Loss (SL): $39.50 (below recent low, ~2.6% drop, risking ~26% with 10x leverage)
• Risk-Reward Ratio: Approximately 1:1.35
