Shared by
spyrosz
Alert hit once it crossed $125 heading towards major daily resistance level R1=$226, level that was rejecting the whole week. Extended at the weekly chart, but bull-flag at daily & 4th time that was trying to break higher the last 7-days, so I sat tight and watched price before entering the trade.
Multiple intra-day rejections of R1, once I saw seller stepping down to $224,
got short Tier 0, risking tight stop HOD, expecting roll-over to opening print=$218.
Got the move, got flat into flush towards target. Nice little trade:)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-09-24 11:19:01 | DASH | sell | $222.840 | short |
| 2021-09-24 13:44:19 | DASH | buy | $220.010 | short |
| 2021-09-24 15:14:22 | DASH | buy | $218.890 | 0 |
Comments
spyrosz
Hello my friend,
yes I was referring to the lower high. But the fact that the seller was holding it down and slowly stepping lower can be seen at the action from 11:30am - noon. Offer at 223.4 steady as a rock...
I am working on trying to establish size intraday then keep some for the bigger move as swing. DASH went all the way to $196!!, and I had literally shorted the top before the actuall roll-over.
tradervue2020
Thanks. Excellent idea to hold some for the swing. These days short swings can work great I guess. All the very best my friend and keep winning!
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Hi Spyrosz,
Nice trade on the short side. Especially patient to wait it out. "Saw seller stepping down to 224": Does this refer to lower high on 5m (around 10:45 am) or are you referring to T&S prints?
Thanks!