Nice piece from an AH runner
Entered trade when MACD crossed ,should have waited for divergence and ema's uptrend. Entry would have been around $4.65 for 1:3 reward. Timing needs refining on entry. Exited when Signal line dipped however it did not cross down so could have stayed in until $5.38 for 1:6.6 R/R, however better to air on side of caution and take profit
Momentum is fading on the downside but still biased bearish.
Reason for loss, volume came in, price going sideways. Anticipated MACD to divergence but it diverged, should wait for confirmation of volume in future. Volume came in at 8.45, and price increased from $4.40 to $5.22
Big runner yesterday. Looked like it found bottom and consolidating. Failed and cut losses before stopped out.
Entry comments: Took this tray because of the beware hole play plus it was holding pretty nicely was at work doing a contact classroom room didn’t realize that my phone was also muted so I wasn’t able to hear the alert that it broke my level because I would’ve stepped out if I had the time
Exit comments: 😑😑
Momentum is fading on the downside but still biased bearish.
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