Trading Idea 004: GameStop
Updated
Market Conditions:
- trend reversal
- bullish sentiment in the market
Key Level and Lines:
- $21.89 resistance
Trading Ideas:
- go long after a consolidation around the resistance
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.
- trend reversal
- bullish sentiment in the market
Key Level and Lines:
- $21.89 resistance
Trading Ideas:
- go long after a consolidation around the resistance
- a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Comment
No long trades. Plan A didn't work. Plan B gave a short trade.
The price reached the 1st profit target = 1:3 r/r ratio.
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