The irregular volume on this is unsustainable for this asset as well and its likely to drop rapidly with at least a 15% downside to the trap level. The current daily volume is 10x the 30 day average and most of this upside momentum is from a short squeeze as there was no major news. When large holders begin to exit their positions I expect the downside move to be violent. The main indicator I wall pay attention to is the mean reversion oscillator when it dips under 2 and look for a confirmation from compression on the Zero Fade. If there is no confirmation then I won't fade as the short squeeze may still be ongoing.
Operación activa
Expansion Retracement Level hit, taking partials here to lock in some profits. Stop is at breakevenNota
Trap level hit, taking second set of partials here with 40% of position remaining. Stoploss moved 4% into profit.Operación cerrada: objetivo alcanzado
All targets levels hit.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.