RIOT Trade on May 24, 2021 11:58 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: VWAP reclaim and test, FF vs HOD
*Entry: 23.70s starter, add on breakdowns into VWAP
*Risk: 1:2 (HOD vs under G/R)

Catalyst and News:

n/a. BTC showing resistance on the 37Ks.

Fundamentals:

n/a

Technicals:

Morning blow off with about 50 cents shy of a previous level I was looking for (24.70s). Had an entry on the trigger for the fall from the 24.20s test (never entered), and then again at the VWAP re-test (23.70s), but didn't take either one.

Summation:

Saw again later the push again into the 23.70s from the bounce off the 22.80s, entered small, then again as a starter into VWAP fail. Stop adjusted from key level (24.80s) to previous resistance (24.40s), but accidentally set it to 23.40, out immediately. Mistakes made. Will try again on Wednesday if the setup is there.

Takeaways:

FF is a MORNING move. Most often, it seems to occur from early blowoffs and the panics. What matters here is the range that it's able to go. Did it fail? Yes. Did it fail past the 22.80s key? Nope, bounce.

Always keep that sort of support in mind.