Following the BTC retracement it's become clear what the likely bottom will be for TRB. There's been a lot of opinions regarding my previous post and how bad it was.. Sure.. I overestimated the target, but in my defense, I did call the trade and suggested setting a stop-loss at $160 in the event it did come down, which would have seen anyone that traded the signal, close their position in the money..
Whatever..
This trade appears more clear-cut and presents an opportunity to follow it down as it halves in value from current levels..
The setup on this trade:
My suggestion:
Target: ~$60.50
Whatever..
This trade appears more clear-cut and presents an opportunity to follow it down as it halves in value from current levels..
The setup on this trade:
My suggestion:
- Enter short at the current price : ~$116.00 with about half the intended size position..
- Set a stop-limit short order around $98.00 for the rest of the allocation..
Target: ~$60.50
Trade closed: target reached:
Was a little overambitious, but I'll bet nobody else suggested anything remotely close to $75.00, which it hit today..
