Long
REV Breakout of minor and major downtrends
As RREV breaks out of minor and major trendlines, a triangle can be drawn from recent high to the lower support line which has had multiple re-tests and rejections.
As price breaks out of this downtrend, I expect short covering to accelerate as it breaks up through $25 psychological level and $25.25 resistance.
As always, tight-stop and if it rips, let it run
As price breaks out of this downtrend, I expect short covering to accelerate as it breaks up through $25 psychological level and $25.25 resistance.
As always, tight-stop and if it rips, let it run
Trade closed: stop reached
This trade failed, the tight stop was hit days into the trade.
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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.