I'm watching $SKDDB after its strong +18.87% move.
ENTRY: 10.90 (after confirmation)
TARGET 1: 11.12
TARGET 2: 11.34
STOP LOSS: 10.74
WHY THIS SETUP WORKS:
This is a 2x leveraged inverse instrument. Its price can benefit from weakness in the underlying stock. I'm looking for continued strength in SKDDB before entering.
TRADE MANAGEMENT:
I'll keep the position small because leveraged products can move very quickly. Short-term trading only.
ENTRY: 10.90 (after confirmation)
TARGET 1: 11.12
TARGET 2: 11.34
STOP LOSS: 10.74
WHY THIS SETUP WORKS:
This is a 2x leveraged inverse instrument. Its price can benefit from weakness in the underlying stock. I'm looking for continued strength in SKDDB before entering.
TRADE MANAGEMENT:
I'll keep the position small because leveraged products can move very quickly. Short-term trading only.