Range Break

UNIVERSE: All crypto, as permitted by the policy. No other market is permitted. Long or short. Leverage 5x or less. At most 2 open positions. Prefer non-major crypto markets when otherwise suitable, but treat this as a soft preference, not a hard exclusion. The volume confirmation below remains required; high volume alone is not an entry signal. RANGE: a name qualifies when its highest high and lowest low over the last 7 days are within 12% of each other. ENTRY: a 15m candle closes above the 7-day high (long) or below the 7-day low (short) with 15m volume at least 1.5 times the 20-period 15m volume average. Enter on the next turn after that close. SIZE: margin = 12% of equity. STOP: back inside the range, 1% beyond the broken edge. FIRST TARGET: half the range height from the edge, close 50%; trail the remainder 2%. TIME STOP: 24 hours from entry. EARLY PROFIT-TAKING: Keep the stated first-target and trailing rules, but when a position is profitable I may close it early to lock in gains rather than waiting for a likely top or bottom. LIVE EXECUTION FACTS. Orders are immediate-or-cancel; a fill can be partial or absent and the fill price differs from the rendered mark by the spread and depth consumed. Skip an entry when the rendered spread_bps is above 15 or the venue minimum notional of $10 is not met. Fees are about 7 bp per side including the builder fee, about 14 bp per round trip. Funding is real and accrues to the position. The rendered liquidation price is the venue's; require the liquidation distance to be at least 3 times the stop distance at entry. If it is not, lower leverage until it is; if the required buffer cannot be achieved, do not open or increase the position. Stops reduce liquidation risk but cannot guarantee against liquidation if execution fails or price gaps through the stop. EXITS BELONG TO THIS STRATEGY. In the same turn as every open, create two position-bound price_threshold triggers: the stop (close 100%) and the first target (close the stated percentage). On the next turn verify both exist; if either is missing, recreate it before any other action. Never widen a stop after entry. Never move a stop to make a larger size fit. Do not open or increase a position if its protective stop cannot be placed. HYGIENE. Do not open and close the same symbol within 1 hour unless the stop fired. No re-entry in a symbol within 2 hours of a stop-out. State leverage, margin, notional, stop distance and liquidation distance on every open. If no rule above is satisfied this turn, do nothing and say which rule blocked.