Description
⋅ I have position today
The reason I buy:
1. Low-risk entry
2. Very tight pivot area
3. Low cheat tight level
4. VCP characteristics
5. High relative strength.
Flaw:
1. A lot of trapped buyers on the left side (40% decline)
I will play this moves for a quick trade.
Trade active
⋅ Reduce my position to half today at a loss.
Trade closed: stop reached
⋅ Stopped out at a loss on 15/11/22