Bare in mind this is set out to be a quick trade with no long term hold in mind. The overall trend is still heavily favoring the bears in the way of a downtrend we haven't broken and new market structure showing Lower highs and lower lows. We're forming a Doji after a strong few candles downwards. We're forming that Doji right near support which is a very good sign that we should start seeing some buy pressure coming in very shortly. I'm going to be buying and then selling not long after, but keeping a small bag in case we break out of a current downtrend that we're in and create new highs. Trade safe friends.
Trade active
Failed and fell through support, more then likely will keep drive down to the next support around $19.00, not going to ladder any additional buys just keeping the one small bag and hoping we see a nice bounce.
Trade closed: stop reached
After a small, initial rally of a few %, proceeded to dump through supports, inevitably hitting our stop netting a total 3% loss.
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.