Space and Time (SXT), the setup I'm currently taking.
Trade Setup:
Entry Zone: $0.0200-0.0220
Immediate Target: $0.0245
The 50-day SMA and a heavy historical resistance. Expect profit-taking here.
Secondary Target: $0.0330
The high from late February. A break above this confirms a full trend reversal.
Moon Target: $0.0440
Alignment with the 200-day SMA; the "ultimate" recovery goal for Q2.
Trailing Stop Loss: $0.0192
Placed just below the recent breakout point to lock in gains if the rally fakes out.
Hard Stop Loss: $0.0175
Below the post-unlock lows. If it hits this, the bullish thesis is invalidated.
$SXT
#SXTSetup
Trade Setup:
Entry Zone: $0.0200-0.0220
Immediate Target: $0.0245
The 50-day SMA and a heavy historical resistance. Expect profit-taking here.
Secondary Target: $0.0330
The high from late February. A break above this confirms a full trend reversal.
Moon Target: $0.0440
Alignment with the 200-day SMA; the "ultimate" recovery goal for Q2.
Trailing Stop Loss: $0.0192
Placed just below the recent breakout point to lock in gains if the rally fakes out.
Hard Stop Loss: $0.0175
Below the post-unlock lows. If it hits this, the bullish thesis is invalidated.
$SXT
#SXTSetup