Trade Setup with $150 at 8x Leverage

• Notional position size: ~$1,200.

• Entry for Short: Around current price ~0.5800 – 0.5820 (or wait for a small bounce to 0.585–0.59 if you want better fill).

• Take Profit:

• First target: 0.55 (quick ~5% drop → solid gain on 8x).

• Stretch target: 0.54 or lower if momentum accelerates.

• Stop Loss: Tight above 0.59–0.595 (protect against a sudden relief rally). With 8x, a 3–4% adverse move against you hurts margin significantly.