I don’t like this bounce on $TRUMP at all.
Price came off $2.251, pushed back toward $2.31 and got sold again.
Now we’re sitting at $2.28.
For me $2.31 is the whole trade.
If TRUMP bounces back into $2.30 to $2.31 and sellers show up again, I’m taking the short.
Above $2.32 I’m wrong.
Below here, $2.27 is first.
And if $2.27 gives way, I think that $2.251 low gets tested again fast.
Would you really long this while $2.31 keeps rejecting?
I wouldn’t.
Price came off $2.251, pushed back toward $2.31 and got sold again.
Now we’re sitting at $2.28.
For me $2.31 is the whole trade.
If TRUMP bounces back into $2.30 to $2.31 and sellers show up again, I’m taking the short.
Above $2.32 I’m wrong.
Below here, $2.27 is first.
And if $2.27 gives way, I think that $2.251 low gets tested again fast.
Would you really long this while $2.31 keeps rejecting?
I wouldn’t.