Conclusion: Mind the Volume, Volume Must be Low for Pullbacks
Conclusion: When Price Breaks Above Resistance, then quickly falls back below it, sell immediately (as resistance has held), don't wait for your Stop
Bought 1 min HoH, Stop to Low of Pullback $4.50, FPT to $5.50
Stopped out at Low fo Pullback
Price Crossed $5 resistance, then fell below in the same 1 min candle
Volume was High, and Top and Bottom Tails were Long on the 1 min Red Pullback Candle. This was not a good entry indicator.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-19 09:51:55 | KXIN | buy | $4.880 | long |
2020-10-19 09:51:55 | KXIN | buy | $4.850 | long |
2020-10-19 09:53:03 | KXIN | sell | $4.480 | 0 |
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