$SNXXB is up 4 percent and sitting right near the bottom of its daily range
When you buy a green candle late you are taking shares from someone who bought the 3.81 dollar high and is trying to escape
That seller is relieved while you are holding the bag
Look at the math right now
$SNXXB traded up to 3.81 dollars today but sits at 3.39 dollars which is only 28 percent up from the 3.23 dollar floor
It crashed 49.7 percent from its 6.74 dollar high last week so the bounce is weak volume at 0.9 times the average
The hourly RSI is 39 showing sellers have total control
Never chase a small green candle when the bigger trend is bleeding
What is your actual stop loss rule when a late entry goes south
#SNXXB #TradingTips
When you buy a green candle late you are taking shares from someone who bought the 3.81 dollar high and is trying to escape
That seller is relieved while you are holding the bag
Look at the math right now
$SNXXB traded up to 3.81 dollars today but sits at 3.39 dollars which is only 28 percent up from the 3.23 dollar floor
It crashed 49.7 percent from its 6.74 dollar high last week so the bounce is weak volume at 0.9 times the average
The hourly RSI is 39 showing sellers have total control
Never chase a small green candle when the bigger trend is bleeding
What is your actual stop loss rule when a late entry goes south
#SNXXB #TradingTips