Shared by
Teyrex_Trading
MONSTER 11R trade on CYDY...
Picture perfect short on CYDY that ran for 9 days in arrow until it started going parabolic into $10 which is typically a huge psychological level.
When the price action started going sideways on high volume at $9.84 for almost an hour and then started cracking I grabbed a fill as it bounced back into that channel and 5 mins later it rolled over.
I covered and then went long for the bounce play in my next review.
The Daily chart showing how extended this was!!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-30 11:29:59 | CYDY | sell | $9.760 | short |
| 2020-06-30 11:47:14 | CYDY | buy | $6.670 | short |
| 2020-06-30 11:47:47 | CYDY | buy | $6.605 | short |
| 2020-06-30 11:50:09 | CYDY | buy | $5.380 | 0 |
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