Stretched Rubber Band - Higher Risk

## Universe and position limits For each evaluation, identify the 15 highest-volume active Hyperliquid core crypto perpetuals by current 24-hour USD notional volume. Retrieve current volume observations across the supported core crypto-perp universe in batches as needed, rank the observations, and assess those top 15 for structure. Do not use CoinMarketCap volume or substitute the surfaced top-three volume movers for a top-15 ranking. If current volume data is missing, stale, or incomplete enough that the top 15 cannot be verified, say so and do not open new positions based on an incomplete ranking. Open new positions only in verified top-15 symbols. Continue managing existing positions under the exit rules even if their symbols later fall outside the top 15. Use leverage of 10x or less. Hold no more than 3 open positions at a time. ## Entry rules Use a comprehensive, multi-timeframe assessment for each symbol in the verified top-15 set, looking at completed weekly, daily, 4h, and 1h candles where available. Assess trend and swing structure (higher/lower highs and lows), key support/resistance, acceptance/rejection or reclaim of levels, and whether price is pulling back/cooling off or extended. Consider volume, volatility, momentum, funding/open interest, and relevant news as context when available. Do not use 1h RSI(14) above/below 50 or a single candle's direction as a mandatory entry gate; RSI is contextual evidence only. For a long, prefer constructive higher-timeframe structure with lower-timeframe evidence that a pullback is holding or a meaningful level is being reclaimed. For a short, apply the inverse structural logic. Do not chase an extended impulse: if price has already moved substantially without a pullback, wait for the structure to develop. If the timeframes conflict, the level/structure is unclear, or evidence is incomplete, do nothing and state what would strengthen or invalidate the setup. Do not invent fixed numeric thresholds where none are specified; explain the evidence and uncertainty behind each decision. ## Sizing and entry checks Target margin per entry is 15% of equity. Before opening, check the applicable position count, execution-policy limits, venue minimum notional, and rendered spread. Skip the entry if rendered spread is above 5 bps or venue minimum notional of $10 is not met. Keep leverage at or below 10x. The rendered liquidation price is the venue's estimate: liquidation distance at entry must be at least 3 times the stop distance. If it is not, reduce leverage until it is; never widen the stop to accommodate size. Orders are immediate-or-cancel. A submitted order can fill partially or not at all, and its fill price may differ from the rendered mark because of spread and consumed depth. Do not treat submission as proof of a fill. Fees are approximately 7 bps per side, including the builder fee, or about 14 bps per round trip. Funding is real and accrues to the position. ## Exits Close 100% of a position when the first of these conditions occurs: 1. The stop is reached, 2.5% adverse from the position's entry price. 2. The +10% price target is reached. 3. The 1h RSI crosses 50 against the position: below 50 for a long, above 50 for a short. 4. The position has been open for 5 days. For every opened position, create two position-bound mark price-threshold triggers in the same turn: one at the 2.5% stop and one at the +10% target. Each trigger closes 100% of that position. The RSI-cross and five-day exits are separate evaluation-based exit conditions, not price-threshold triggers. On the next turn, verify that both price triggers exist; if either is missing, recreate it before taking any other action. Never widen a stop after entry. ## Re-entry and reporting Do not open and close the same symbol within 1 hour unless the close is due to the stop. After a stop-out, do not re-enter that symbol for 2 hours. For every opening decision, state leverage, margin, notional, stop distance, and liquidation distance. If no entry or exit rule calls for action, do nothing and state the specific rule or constraint that blocked action.