WHY: Confluence on TL 5 min, support built on multiple days around 8.90, and sellers exhaustion
HOW: Through a bid at 8.80 sl under 8.76 where there was a low on a previous breakout candle. Scalped two sells, did not want to hold on for too long.
WHAT: Bigger move was in the cards, but wanted to take my profits early in this market. Best entry was on the 30 min timeframe 9 EMA being used as support, as well as long lower wicks
Risk: .05
RR: 4:1
Total R: 4R
Percentage of full size: 60%
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-13 09:59:29 | PALT | buy | $8.800 | long |
2021-10-13 10:02:27 | PALT | sell | $8.980 | long |
2021-10-13 10:04:14 | PALT | sell | $9.040 | 0 |
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