TLRY Support & Resistance Game Short

Tilray Brands, Inc.NASDAQ

Description

⋅ Oct 20, 2021 3:50 AM

Looking more like the July 2021 falling wedge breakout than the Oct 2020 by going straight from the low to breaking multiple resistances very quickly.

Would like to short a gap up with an inside candle breaking bear back to the 50MA.

If previous resistances hold as support and the 50/200MA eventually cross and become support then it might get high

Comment

⋅ Oct 21, 2021 12:13 AM

No gap up :P
Saved by 15min 50MA
Looking for it to become resistance tmo

Support and Resistance Chart Patterns

Comments

chiushley

⋅ Oct 21, 2021 12:28 AM

Strong day in the market overall at least the start and some managed to hold. Big growth day, esp crypto. Buy the dip!!!

chiushley

⋅ Oct 20, 2021 9:26 AM

Squeeze or reversal?

KeepItLoopy

⋅ Oct 21, 2021 12:02 AM

@chiushley, potential squeeze at first but if it doesn't hold higher lows then not a reversal such as the July example. Not as much short interest as CGC or ACB but still went up the most.