At least this time it went above my range, generating profit. I'm about to open two positions, one with an extended range and another with a standard range.

I think it would be best to give more space to the lower range, because it seems that the market is establishing a resistance line at +$50, and then we see the price falling again to the $44 and even $40 zone. The opposite will not affect my balance, and the return is very good as it is (214% APR).