NXTD Trade on Feb 9, 2021 10:05 from VadimT7: Tradervue User Stock Trades.

Entry:
Strong resistance at the top after 4 candles tried to break it => This indicates that it might come lower as the buyers have seen that it hit a strong resistance level that will be hard to break above.

• Bearish engulfing candle
• Buying volume fading off. The selling volume was always higher than the buying volume during the downtrend indicating strong bearishness.
• Though, the downtrend was weak as there is a volume anomaly on the big red candle right before the entry => could reverse.

Second entry:
- Nice entry on the retest of 2.00 level.
- Bear-trap after the stock went on high volume below the significant 2.00 level and then back above squeezing the shorts as it continued to move higher.

Add on break of consolidation after the pop out of downtrend.

Scale out:
- Scale out closer to coming resistance levels especially after seeing that the price had enough strength to break previous resistances.

Last push in the uptrend was on low buying volume indicating weakness and no more buyers entering => Time to scale out more if the new support after breaking the previous high doesn't hold.

Keep 15% of position for a later move if it looks promising.