Im still keeping an eye on HUT and MARA. They are pulling back, and gapped down into their 9 emas on the daily chart. They have been trenders. both opened weak and i was watching to see if they would get bought up from here filling the gap and then maybe a possible red to green scenario.
MARA sold off right away, but HUT held so i focused in on HUT.
These tend to happen really quick and clean until they get near their intraday resistance like the 9ema or the previous day close.
I entered once it started to push and sold 1/4 into the spike. it slowed down a bit but gave me a little more on the next candle so i sold a 1/2 and moved my stop to my entry price.
Now i dont know why i didnt wait for rejection at the 9ema but i ended up selling the last bit. i guess because i figured it was close enough and might roll over before the 9ema. didnt really maximize my sells on this one as good as i could have
It ended up breaking through the 9ema for one candle. It never offered a red to green play after this though.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-10-27 09:34:33 | HUT | buy | $12.350 | long |
2021-10-27 09:35:21 | HUT | sell | $12.450 | long |
2021-10-27 09:36:09 | HUT | sell | $12.490 | long |
2021-10-27 09:38:14 | HUT | sell | $12.540 | 0 |
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