POPCAT is looking toppy here after 50 percent move thats not surprising.
A "backburner" trade would be 15 Oversold RSI for a 4h HL at 4h ema12 or some
support area .
Also I look at fair value gaps that are left open on the way up as they like to
fill.
Trade tipp:
To trade a volatile name like this, use less size and don´t use frontside laddering!
Just use stairsteps or a backside 1m or 2 minute trendchange attempts and buy the backside higher lows .
This way you have stops and can stop out a few times with little losses.
good luck.
A "backburner" trade would be 15 Oversold RSI for a 4h HL at 4h ema12 or some
support area .
Also I look at fair value gaps that are left open on the way up as they like to
fill.
Trade tipp:
To trade a volatile name like this, use less size and don´t use frontside laddering!
Just use stairsteps or a backside 1m or 2 minute trendchange attempts and buy the backside higher lows .
This way you have stops and can stop out a few times with little losses.
good luck.
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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.