This was a good long set up, I was watching it for the break of 4.50 and wanted to see it hold above that level, it broke above that level and tested $5.00. I waited for the first 1 minute pullback to get in for the break of 5, there was a ton of buying volume and it looked very strong at that moment so I was confident to take the long over 5 and hold into resistance which I saw forming around 5.30 and and the half dollar. I sold after hitting my 10% target and tried to get back in for another long back over the half dollar, it attempted to do this but failed pretty quick and I got out for a tiny loss but still green on the day!! Here is my full recap:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-11-20 10:04:13 | KXIN | buy | $4.760 | long |
2020-11-20 10:06:30 | KXIN | sell | $5.245 | 0 |
2020-11-20 10:09:40 | KXIN | buy | $5.270 | long |
2020-11-20 10:10:24 | KXIN | sell | $5.220 | 0 |
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