Everyone seemed to be long biased coming into market open and I traded it days ago and I know this is POS. Especially after I saw $5 couldn't hold I attacked it!
ODD pump so definitely POS but where and when to short becomes the question. glad I saw relative volume there so I covered all at 11am and avoided massive squeeze. Thankfully for the squeeze I was able to reshort it and risking $3.90(massive sellers at this lvl)
Thought the news is meaningless but saw relative volume danger sign so I covered!!! great job done that!!! I thought it could keep going and ideally it touched $2 to give us perfect short entry but nope...it got very stuffy near HOD so I put up some shares POS. This is where I made mistake: it was only 1:30pm so I should have taken profits there but I didn't and I ended up getting squeezed and gave away some unrealized profit. Saw HOD lvl got stuffy again especially when $1.80 couldn't hold and high $1.70s got stuffy so I reshorted for EOD panic. Nailed the move!!!My stop loss is $1.84 over/under with volume!!!! Good read, good analysis, good plan, good execution and good exit!!!
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