Binary-style products are simple to understand on the surface, but the risk can still be misunderstood. The payout structure makes position sizing important because each contract has a defined but all-or-nothing profile. If these products grow, I would expect traders to focus heavily on probability, pricing, and event timing rather than chart direction alone.

If price sweeps the prior low and reclaims it quickly, that could be a better signal than buying into the strongest candle.

Nice breakdown. I would add a higher-timeframe check before entry.