SYPR Trade on Feb 24, 2021 09:42 from VadimT7: Tradervue User Stock Trades.

Shorted when it broke the low of the day after forming a lower high (broke the 10-min low formed at open => strong point).

Short Criteria:
- Extended in the premarket.
- Trapped longs after breaking 7.50 level.
- Many wicks on high selling volume
- Green candles on much lower volume relative to the red candles
- Strong volume on the shooting-star candle on 3-min chart
- Lower low after the open.

After the trade, confirmation of weakness = downtrend:
- Rejection of VWAP
- Low buying volume on the pullback to the upside => confirmation of the continuation of the downtrend.
- Rejection of previous resistance.

Post-entry Opportunity:
- Fake-out on VWAP breakout -> formed a spinning-top red candle on higher volume relative to the green breakout candle. Short on the break back below VWAP.

Always let some shares run, especially on a short trade. Set SL at breakeven or at the closest evident point that would indicate a sure change of trend from downtrend to uptrend such as above the inversse head and shoulders neckline)

EXIT WHEN 3-min 5-12 EMA CLOUD BECOMES GREEN.