Clean short off of historically strong 30$ resistance down to around half dollar mark 29.50$
Entry was on the second 3min candle as I wanted to see the first candle make a false breakout which it did and is usually a good confirmation of the reversal.
- Strong historical resistance level
- Anticipated the reversal
- Entered short after fake breakout candle which confirmed the reversal
- Was ready to add more size on the wick up to 30.25 (previous high)
- Next time can commit more size to this kind of setup
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-05-28 10:00:51 | CCL | sell | $30.010 | short |
2021-05-28 10:25:56 | CCL | buy | $29.440 | 0 |
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