Shared by
Goku_BOWS
Daily Setup: None
Intraday: Overbought reversal. Can't call it capitulation due to the daily, it's in the middle of the range. Huge volume expansion with the break of $6. Had I been watching more closely I could've entered with the break of $6 failure on that volume, only noticed it after the fact. 10c risk, not bad.
Layers of probability: Mkts extended and tailing up, , volume expansion, tail on 5, extension on 5
Entry: 5 minute shooting star, volume confirm
Stop: HOD +1c
Target: 1:1, covered into flushes (too vague); not looking for a full retracement, just back to equilibrium. Covered last once it remounted MA and VWAP
Successes: quick spot of setup and entry. nice layers of prob.
Area to improve: better planned targets.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-02-14 10:13:00 | RIOT | sell | $5.920 | short |
| 2023-02-14 10:25:00 | RIOT | buy | $5.820 | short |
| 2023-02-14 10:29:00 | RIOT | buy | $5.740 | short |
| 2023-02-14 11:05:00 | RIOT | buy | $5.770 | 0 |
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