Really unsure how Fitbit will move today. Looking at support I think 5.06 if broken means we will go sub $5. Pre market range was 5.10 to 5.20 so maybe if we see 5.12 or so an entry long there with stop loss like 4.98 target 5.35. Bit of a messy one tbh not sure if I’ll enter any trades today
Got my alert set at 5.15 from there I’ll look at the candles and trading volume to decide if I’ll enter. If I miss it so be it already in good profit for the week no need to rush in to something that is not there.
Note:took profit on final Fitbit long yesterday at $5.27 that was the final of two positions with no leverage. Around 6 others were day trades with high leverage.
This is not trading advice only my opinion. Enjoy the read
Alert hit already and went to 5.13 before coming and stopping back at 5.15. No indications it’ll bounce back 5.2 onwards so I’m not going long. 5.08 is small support. 5.06 more important. Below that we are playing with fire. I’m staying out for today
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So in the end it returned well! Very surprised. Usually I’m confident it’ll bounce back when that sort of bottom fake but the indication wasn’t as clear this time to me. Win some miss some ;)
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