This was a good trade as I did trade it exactly to my trade plan.
Trade Plan
MARA - Resistance: 27.50 Support: 25.75
Resistance
Breaks and holds above resistance, I will get long as a 'B' tier entry with stop just below resistance with a momentum target
Fails near resistance, I will get short as an 'B' tier entry with stop just above resistance and a target of support
Breaks resistance but fails to hold, I will get short as an 'A' tier entry with stop just above HOD and a target of support (Break & Retest)
Support
Holds support, I will get long as an 'A' tier entry with stop just below support and a target of resistance (26.99)
Breaks & quickly reclaim support, I will get long as an 'A' tier entry with stop just below LOD and a target of resistance (26.99) (Break & Retest)
Youtube:
Entry:
Exit
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2024-01-02 09:32:59 | MARA | buy | $25.907 | long |
2024-01-02 09:34:54 | MARA | sell | $25.620 | 0 |
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