SEAC Trade on Mar 29, 2021 09:58 from VossiBop: Tradervue User Stock Trades.

This was a mini-wedge pattern that formed on SEAC in the morning. I bought off the lower trendline as it was showing bullish order flow in that area, and it almost immediately jumped past the upper trendline. I scaled some to secure profits, and then noticed that there was no continuation past the nhod. Whenever the stock pops a few cents above hod without continuation, that is an indication that there are massive sellers that are using the breakout liquidity to dump their positions. Typically this results in a rejection. So I moved my stop loss up under a soaking candle near nhod in case there would be a liquidation event, and that's exactly what happened. I managed to get for small profit but I should wait for better setups. I am too eager to jump into something that I end up missing the best setup of the day because I took a sub-par one.