Trade idea for RIVN. If we break resistance and bounce take long to around $17.78 or if we reject at resistance I'd look to short to around $13 area.
Comment:
Deviation at resistance. Short down to support area.
Trade closed: target reached:
Closed at profit. Looking back at it, stop loss should have been set a lot lower but ended up working out as it bounced past resistance and came straight back down. Use lower timeframe and wait for confirmation next time.