We recently shared a potential breakout scenario for WOO:
In our initial analysis, we highlighted the possibility of a strong move above the previous monthly high. While our first entry did not pan out as planned (stop loss hit), this trade is a prime example of why risk management is non-negotiable.
Key takeaway: A well-placed stop loss keeps losses minimal and gives you the freedom to re-enter when conditions align.
And align they did. On the second attempt, we nailed it: +40% Move. Two profit targets hit flawlessly.
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