I'm watching $BOTB after its -1.03% move. The price needs to show further weakness before I consider a bearish position.
ENTRY: 23.13 (after bearish confirmation)
TARGET 1: 22.67
TARGET 2: 22.20
STOP LOSS: 23.48
WHY THIS SETUP WORKS:
A confirmed breakdown can bring additional selling pressure. I'm looking for lower highs and a weak recovery before entering.
TRADE MANAGEMENT:
I'll avoid entering during sideways movement and respect my stop loss.
ENTRY: 23.13 (after bearish confirmation)
TARGET 1: 22.67
TARGET 2: 22.20
STOP LOSS: 23.48
WHY THIS SETUP WORKS:
A confirmed breakdown can bring additional selling pressure. I'm looking for lower highs and a weak recovery before entering.
TRADE MANAGEMENT:
I'll avoid entering during sideways movement and respect my stop loss.