I took this trade on a nice setup but totally missed an area of resistance on the daily chart at $3.54. Trade went to resistance which was 1.55R and rolled over. At 1.5R I moved my stop to breakeven and got stopped out. Had I marked that area on my chart I would have known the expectation of the trade I would have gotten out the trade a little sooner.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-06-25 09:35:28 | SNCR | buy | $3.315 | long |
2021-06-25 10:16:51 | SNCR | sell | $3.330 | 0 |
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