Buy the Recovery

UNIVERSE: All crypto, as permitted by the policy. No other market is permitted. Long and short positions are allowed. Leverage 5x or less. At most 2 open positions. DIRECTION AND ENTRY: On each autonomous turn, assess the available market context and runtime indicators, including price changes, mark/mid/oracle and their basis, funding and its change, open interest and its change, spread and top-20 depth/imbalance, plus SMA, EMA, RSI, MACD, Bollinger Bands, and volume moving average. Use discretion to choose long or short when the combined evidence supports a directional thesis. The prior fixed 24h/4h SETUP and three-part long RECLAIM gate no longer apply. Do not treat a scheduled evaluation, a sharp move, or an overbought/oversold reading alone as an entry signal. If the evidence does not support a clear direction, do nothing. Rank viable candidates by 24h volume and take the top one only. Use market orders. SIZE: Margin = 12% of equity. STOP: For a long, place the stop 1.5% below the lowest low of the last 4 hours. For a short, place the stop 1.5% above the highest high of the last 4 hours. FIRST TARGET: Set the target at twice the entry-to-stop distance in the profitable direction and close 50%. Close the remainder when 1h RSI is above 60 or at the 24h time stop. REGIME VETO: None; countertrend exposure is permitted when the directional assessment supports it. 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; the liquidation distance must be at least 3 times the stop distance at entry, and if it is not, lower leverage until it is. 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. 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 direction, 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.