The "Sniper-Style" Limit Trade: Letting $GENIUS Walk into the Trap 🕸️

The reason most people lose money in the trading business is that they always FOMO into the existing price levels and chase the candles. That is not what we are doing here. Notice this daily chart of GENIUS—the huge rejection candle is telling us that this pump phase is over, but we won't be blindly following the rejection candle and entering after its move. Rather, I have placed a cold and calculated LIMIT SHORT ORDER at $0.7000. This means the trade is non-existent until the market comes back to our trigger price of $0.7000. Once the market moves back up to $0.7000, we enter the trade, and we make our way down to our target of $0.4100 comfortably. However, what happens if the market drops straight down from here without touching our trigger price? In such a case, there is no entry, no risk taken, no capital utilized. Our downside protection mechanism is our STOP LOSS which will sit right on top of our previous swing high at $0.8500.

Drop a comment below—are you setting your limit with us or just spectating?