CVNA Short Continuation

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Short idea.

Since the beginning of 2023, CVNA has seen a run-up in February that has since run down. Based on the monthly market profiles, excess was generated > 16, and price has not been able to reclaim February's VAL. Currently trading below 200D and testing the 50D. Combined with today's gravestone candle, this feels like big sellers are present > 12.

Short targets: 9.75 / 10 / 10.50

Profit targets: 8.5 / 7.5 / 6.5 / 4.5

Trade is invalidated > 12
Nota
Eyeing .CVNA230421P9.5 @ ~1.0
Dagangan aktif
BOT CVNA230421P9.5 @ 0.97

Scaled out 25% @ 1.25

Next trim when CVNA <= 8.50

Stop is BE
Nota
Currently 1.34
Dagangan aktif
If I get stopped out and contract doesn't go < 0.8 and chart looks okay, I'm re-entering
Dagangan aktif
Got stopped BE, but re-entered CVNA230421P9.5 @ 1.0 and added back trim

SL = 0.8

Trim planned at 1.3
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