Short
BIG SHORT BONT 1.30
BONT had a big day, jumping from .58 - 1.30 today, +97%! This jump is unsustainable and I will be entering short at $1.30. This jump was off headline news of being approved for approval of a new issue of Junk bonds to finance the holiday season.
Here are my TP levels.
TP 1: 35% of trade @ $1.10
TP 2: 55% of position at $1
TP 3: Hold 10% until end of day, if price is closing above $1, exit trade, if under, hold overnight.
SL: 1.5
RSI is starting to show overbought signals and MACD showing a convergence at the 1.22 level, which could indicate a drawback.
Good luck, let's make some money.
Here are my TP levels.
TP 1: 35% of trade @ $1.10
TP 2: 55% of position at $1
TP 3: Hold 10% until end of day, if price is closing above $1, exit trade, if under, hold overnight.
SL: 1.5
RSI is starting to show overbought signals and MACD showing a convergence at the 1.22 level, which could indicate a drawback.
Good luck, let's make some money.
Note
Broke through MA 30 and 60, moving SL to entry.Note
Changed mind about moving SL to entry, seeing resistance but I still think this will play out well as we go into the late hours of trading this afternoon.Note
Increasing position size @ 1.29Note
Filled @ 1.29Note
Adding additional 10% Position TP @1.2Note
TP 1: reachedNote
TP 2: Reached 1.10Trade closed: target reached
Note
Note
Total Profit: $6840
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.