- CROUSDT is buyable through a tight pibot near the low
WHAT I LIKE IN THE CHART - Had +150% powerful move up - Great volume charactersitics - Tightening down with lowering volume
WHAT WOULD BE A NORMAL TURN OUT FOR THIS STOCK - A normal behaviour would indicate a push higher to the organge box, named 'CONSOLIDATION' withouth increasing volatility (aka without moving below the Stop Loss red dotted line) - This is great place to START a position (not whole but a quarter of position size (e.g. if you full position size is $25,000, it is a good place to start with $5,000-8,000)
NEXT Technical buy point is a consolidation in the box and breakout there
The risk is less than 5% on the trade. As the stock moves up, it is important to keep managing the risk reward relationship
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. ONLY FOR EDUCATIONAL PURPOSES TO ILLUSTRATE TECHNIQUES
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