⚠️We already lost the 21 SMA ✅Raised my stop to $7.55
Good news is we have POC under price and we had two touch downs to the $7.70 level. IMO if we lose these both, the diagonal line too will be lost too & id rather get some of the position off the table.
I still think we can bounce and go higher with a wave 5 extension higher. You could enter a trade here and set a stop under POC to your risk tolerance. Would I do this? Only with a small position because we have had one hell of a run. An ideal entry would be off the 200 MA @$6.83 at present.
Lets see how this plays out. Incredible run and profit, and now a protective stop in place hat ensures gains will crystalize if structure is broken