Another one bites the dust, LPS in a raising interest rate environment and -60% from ATHs.
ER #s brought it down to major previous support pivot=major previous break-out level=$160, giving back both the whole COVID-19 & Joe Rogan rally.
-- Got long Tier 0 size at the opening flush to $160, risking 1xATR below, $145s
-- Would like to see a strong bounce higher from this level towards the 9SMA@daily, small retracement to lower prices AND a higher low OR retest and hold of $160
-- Not a high conviction trade as it's a LPS tech + higher rates, but I can see a quick rally towards high $180s before trapped longs/bag-holders at $215+ unload...
-- 1st target $180 at a minimum, main target is $198
02-04-2022
Small profit taking in-front of $174 where it keeps getting rejected.
02-10-2022
Don't like how it keeps rejecting $174. Trimmed some more.
02-17-2022
Flat as it lost $160 again. Doesn't look good at all.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-02-03 10:17:20 | SPOT | buy | $160.390 | long |
2022-02-04 10:24:15 | SPOT | sell | $172.275 | long |
2022-02-10 09:48:07 | SPOT | sell | $172.130 | long |
2022-02-17 10:40:27 | SPOT | sell | $159.862 | 0 |
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