Who knows if BTC finds it's legs, but as of now, looking absolutely dead in the water, and poised to a date with the UTL at the very least.
This one looks promising. Volume has been doing what it should, ie. lower volume consolidation and high volume accumulation. Worth trying on the DTL retest here with stop at a failed breakout, i.e, falling back into the DTL.
Looks super weak, looks of distribution everywhere and sell off appears to be gaining steam. This bad boy could be tanking hard in the coming days and weeks. Going to try to get short on then first break of structure intraday, with a stop in the 5.25 range.
SVRA had a major U-turn after it's last earnings report. It gave up the trend line again after initially losing badly on Apr 24 (which was a bad day for markets all around.) It has since developed quite the DTL, which is legit as distribution days are more volume heavy. Hoping to see it hit the DTL buffer as an entry, since the DTL is a little steep. That being...
You can see that RSP has lost touch with it's trend line, including its buffer zone. Furthermore, the DTL buffer zone wasn't even tested on the the Adam and Eve double top. Volume has been above average, validating distribution. Seems likely to test the double top neckline.
As evident, NKTX is firmly away from the nice bull channel it had found itself in, seems to be losing grip of support, and is in danger of falling into a pretty steep down channel. My short thesis is that the gravity of the situation is too much, and it will break. Stop are above Friday's high.
Held exactly where it needed to, on the retest of the DTL. Look at what PEPEUSDT did after the retest of .....076 on may 13th. Straight up since then. The best thing about this trade is that you can size it huge as Friday was a super tight day. Lows at 17.75, making this a 1% SL from the close.
After the Nasty gap down, this thing has stabilized and is looking to escape a really nasty channel its caught itself in. Looks promising as volume suggests accumulation and Friday's candle was a hammer, and closed at the top of resistance. This setup offers solid R/R. Below low's of the day for stops.
Lot's of bullish clues on this chart. For one, the breakout never retested, and it has broken out of the downtrend as well as buffer area. It has a few HH's and HL's under its belt too. Long with a stop below body of Friday seems reasonable. No real target..... moon maybe LOL
These aren't the type of trades I take as it's under the DTL, but I just couldn't afford confirmation with such a high ADR. I bought at .29 with a stop below .25. Probably zero or slight negative EV from a technical standpoint, but since this thing is such a mover, i'm banking on a high R/R in case .25 holds.
These aren't the type of trades I take as it's under the DTL, but I just couldn't afford confirmation with such a high ADR. I bought at .29 with a stop below .25. Probably zero or slight negative EV from a technical standpoint, but since this thing is such a mover, i'm banking on a high R/R in case .25 holds.
What a thing of beauty. Talk about all the bullish momentum going to hell. What can you say, its been a heck of a run. I don't even think a SL is gonna be necessary here, but Friday's high seem ok. I won't wait that long though, ill probably just buy back if it can grab hold of the UTL and pass a retest, or get far enough away from my buffer. Im shorting on the...
As you can see FUBO first broke out, then got caught in a falling wedge, which is just broke out of Friday. There's some strong resistance at 1.30, but got some room to run from there. Only reason to like this trade is because risk is low with Thursday's low being the stop.
Finally breaking out of downtrend started in Nov 2021. If it's going to work, you don't need LOD as stop, I think LOB works just fine. Hopefully its a gap and go kind of start. The Hang seng just rallied huge on a similar setup.
Looks like it bottomed out, and Thursday's low seems Like a really strong low IMO, so idea is SL below Thursday's low with a long over the DTL/ Friday's high. No real target. Kinda feel out momentum.
Maybe the nightmare for PSNY bag holders is finally over? Thesis is original DTL from 2022 provides the support/ catalyst to run up to top of channel, and who knows, maybe even breakthrough? Stops are below lows, and long entry is 81 cents when a higher high on 15 min TF is breached.
Here's a 332 R idea, or if you prefer to think of it in X terms, an 18X. Long over initial breakout at 2.17 with a stop loss @ lows of Friday at 2.07, with a shot at hitting the right side of the failed cup during the IPO phase. Since its such a fast mover, the trend line shows a destination date of Nov 2024.
Gap and go Monday With target at the DTL. almost no risk, because sell if gap fades. Ideally buy premarket if liquid enough and spreads aren't huge.