EBON Trade on Feb 25, 2021 09:45 from VadimT7: Tradervue User Stock Trades.

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VadimT7

 

Bearish indications:
- Definitely bearish with strong counterattack candle on 1-min chart and selling volume dominating the buying volume after this candle => perfect for adds on pullbacks below VWAP.

Late entry. Improve execution:

  • Wait for the stock to rebound and add on the bear flag at the supply zone or after hitting the resistance (enter on the candle that makes a lower low), and on the way back below the significant half-dollar value for an additional fakeout breakdown.

  • Don't enter above VWAP unless it's extended far away from it.

Add opportunity:
- While in the downtrend, on the way down after the fake breakout of the 50 EMA on the 5-min chart.


Don't Exit On The Breakdown. It broke down below the 200 EMA on the 5-min on high volume. Wait for bullish price action and volume confirmation and some consolidation breakout to the upside before completely exiting the trade.


Execution detail:

Date/time Symbol Side Price Position
2021-02-25 09:45:14 EBON sell $8.460 short
2021-02-25 09:50:05 EBON buy $8.320 short
2021-02-25 10:06:00 EBON sell $8.330 short
2021-02-25 10:27:25 EBON buy $8.210 short
2021-02-25 10:34:24 EBON buy $8.060 0


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