Looking at this market to trade into the $4 area over the next 1-2 weeks.
Trade closed: stop reached
The stop on this trade was hit in a classic stop hunt operation by the market. The lesson here is not to do the obvious.
Stops should be placed at critical structural levels and sized accordingly.
trying to get a tight stop only to get stopped out by the composite operators is a loser's game.
Note
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.
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.