META Oversold? My Layered Exit StrategyNASDAQ:META saw a significant drop this week, and I believe it's currently oversold.
My strategy is to scale out in layers:
Green: 50%
Yellow: 25%
Purple: 15%
Blue: 10%
Once we hit the Green level, I’ll move my stop loss to my entry price.
I plan to exit my entire position if we don’t see a significant move by 20:00 on November 19th. If we haven't made progress by then, I anticipate a further dip.