RVOL -3.3 (OK)
AVOL (90) - 29 (OK)
ATR - 2.6(OK)
Short interest -17%
Driven by the bitcoin surge, this miner stock expanded away from the average. I am looking for a potential reversal, around 28.5, 29, or 30s. Looking at level 2 is critical to catch the moment when the sellers enter the market but also look at the confirmation in the bitcoin itself. If BTC continues to push up, I would not short any bitcoin stock. The pullback may be significant (15-30%) so RR with 2-3 reentries may make sense. Keep stops tight, as this one is a runner. Also, check the locate costs to make sure it is worth it. Targets would be previous inflection points.
AVOL (90) - 29 (OK)
ATR - 2.6(OK)
Short interest -17%
Driven by the bitcoin surge, this miner stock expanded away from the average. I am looking for a potential reversal, around 28.5, 29, or 30s. Looking at level 2 is critical to catch the moment when the sellers enter the market but also look at the confirmation in the bitcoin itself. If BTC continues to push up, I would not short any bitcoin stock. The pullback may be significant (15-30%) so RR with 2-3 reentries may make sense. Keep stops tight, as this one is a runner. Also, check the locate costs to make sure it is worth it. Targets would be previous inflection points.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.