Confluence of Harmonic levels line up right inside a 'Rinse Sandwich' (area between obvious Stop Loss Level and Structural Support.
Keep stops tight for maximum rr, or widen stop for less rr, but less chance of getting dickfucked out ur position.
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I now wouldn't touch this with a bargepole, if this was going to be a tight beartrap, they would have pinged the 27.5K low by now, and then lifted it right back up. Real danger of this tanking to 20K over the coming few weeks.