Volume profiles show resistance could not be broken
Rising Downward Velocity
MACD Signal Down
Weis Wave Volume decreasing
Over extended rising wedge break abt 75% vs 64%
Price Objective back to longer term trend line.
Trade active
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Full disclosure: I entered a 5x short @ $0.3828 on 8/15
Comment
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Still in my short position
Trade closed manually
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I have closed my trade manually. This one is a little different. I compounded my profit back into my short position and made an additional $15. The overall profit on the total trade was $81. I started with $296 and was returned $377.
Comment
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I closed my positions because bitty is dancing around a trend line, and I decided it was a good point to take profit. If downtrend continues and seems rewarding, I may reopen my short, but further confirmation is required.