Every trader knows CVNA is Sh#t Co but not much success shorting it for many of us.
Probably this may work now if broader market corrects here.
Short Entry anywhere between 380-350
Target 1 - 280
Target 2 - 250
Stop loss - 385
Prefer to options spreads or credit spreads rather than puts.
Confluences -
-Below anchored VWAP
-Below 50 EMA
-Volume gap below 320 upto 250
Probably this may work now if broader market corrects here.
Short Entry anywhere between 380-350
Target 1 - 280
Target 2 - 250
Stop loss - 385
Prefer to options spreads or credit spreads rather than puts.
Confluences -
-Below anchored VWAP
-Below 50 EMA
-Volume gap below 320 upto 250
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
