CBAT Trade on Feb 22, 2021 11:18 from VadimT7: Tradervue User Stock Trades.

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VadimT7

 

Reversal:
1) At 200% to the downside of the first (and only uptrend) of the day.
2) Extremely high-volume on two consecutive candles - one of them being a hammer on high-volume.

Correct Entry:
- Pullback to the consolidation high after the break of consolidation.

Correct Exit (or Scale-Out):
- At the supply zone at the gap resistance.

Hints of downtrend continuation:
- Selling volume higher relative to buying volume (even in the uptrend)
- Multiple drop candles (hanging-man candles) throughout the uptrend.
- Not making new highs on the first try, and not going far on the second try.


That's why you buy dips, the lowest and safest as possible.


Execution detail:

Date/time Symbol Side Price Position
2021-02-22 11:18:16 CBAT buy $7.670 long
2021-02-22 11:30:30 CBAT sell $7.790 long
2021-02-22 12:05:40 CBAT sell $7.760 0


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