Rivian AutomotiveShort
RIVN 3/21/22
RIVN
Another easy short trade
Price in existing downtrend
Price entered sideways range between 53-67
Price broke down from this range to start continuation of downtrend.
Price has pulled back to dynamic resistance in 20 ema. Price in area of value, my cue to enter trade
Entering trade short.
Entry: 42.91
Stop loss: trailing 20ema
Target: trailing 10ema
Another easy short trade
Price in existing downtrend
Price entered sideways range between 53-67
Price broke down from this range to start continuation of downtrend.
Price has pulled back to dynamic resistance in 20 ema. Price in area of value, my cue to enter trade
Entering trade short.
Entry: 42.91
Stop loss: trailing 20ema
Target: trailing 10ema
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