CAKE on the 30 minute chart shows suggests as a short candidate including death crosses as well
as a loss of strength on the RSI indicator. I will short CAKE and investigate put options for
sufficient volume and level of implied volatility.
as a loss of strength on the RSI indicator. I will short CAKE and investigate put options for
sufficient volume and level of implied volatility.
Note
CAKE fell enough to move stop loss down to break even. Watching for more.Trade closed: stop reached
trade closed and reopened as a long trade !.Trade active
Moving higher. 25% of long position closed to take profitl.Trade active
Another move higher so another 25% of the long position closed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.