Twitter find
Stop: 12.80$ feeler/ 13.20$ first adds/ 13.40$ double up
R: 6
$VLTC was all over twitter as the usual suspects were looking to short it for days already.
Many shortet into the first pop from 13$ - 13.50$ but it started to round up at the highs.
Key price was 13.40$ where a 50k offer was displayed and it seems like this order represented everyones hopes and dreams regarding a fast crash. But $VLTC could not really flush, so I started to bid for it small with a wide stop.
The order got pinged and was not refreshed and got taken out thereafter, so I started bidding on the way up increasing my position size.
Same story at 14$ where I added small again after scaling into pushes.
14.50$ was the first level that could not hold after a massive push so I decided to close there.
Execution detail:
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This is a good trade! I like it!