CMG Liquidity Hunt
Updated
Anything near the $3000 mark is getting a beat down. We currently have a pennant pattern in the making. However recent price action suggests this stock has been manipulated go higher then selling off nearing that $3000 mark price.
This suggests institutions are looking for liquidity to exit.
Overbought on the weekly time-frame and daily.
I expect a downside move next week or end of day today. Tread lightly and don't over-leverage yourself.
This suggests institutions are looking for liquidity to exit.
Overbought on the weekly time-frame and daily.
I expect a downside move next week or end of day today. Tread lightly and don't over-leverage yourself.
Trade active
Downward breakout.Trade closed manually
If you're holding puts, I would scale down here or take profits here and wait for tomorrow. If i made you a fuck ton of money, and you're feeling generous. I do accept tips. stanthemotoman
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.