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Solaiman Erfan
$TAO long: entry 229.4, stop 213.9, target 251.4. R:R is 1.29.
Here's the read. It flushed to 214.4, tapped the sellside liquidity sitting there since August, and bounced 7% off it. The stop goes under that sweep, not above it.
Being straight with you though, 1.29 is thin. I said the same about a ZAMA setup last week and skipped it.
The difference here is the sweep. I'll take a mediocre ratio on a level that clean.
Would 1.29 be enough for you?
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