im big on shorting moves that dont have much of an underlying reason to continue and are overextended on higher timeframes. the speed and ferocity PLBY tackled this mornings volatility is staggering, but that should return to the overall bear trend. even if this move lasts all day and continues to retrace weekly or monthly highs ill remain ahort PLBY knowing there is a bear undercurrent waiting to resume.
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.