Rivian AutomotiveUpdated RIVN Short
Trade idea for RIVN. If we break resistance and bounce take long to around $17.78 or if we reject at resistance I'd look to short to around $13 area.
Note
Deviation at resistance. Short down to support area.Trade closed: target reached
Closed at profit. Looking back at it, stop loss should have been set a lot lower but ended up working out as it bounced past resistance and came straight back down. Use lower timeframe and wait for confirmation next time.
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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.