WRB with a big upper wick. 2nd candle is NRIB closing strong. Looked good for a long but the 5 DMA was just above it. Still took a shot. Price ran up, partialled at PDH and remaining at 100% FE of the first candle.
I saw CTRP sell-off bars in the morning. At around noon, price consolidated. I thought there was not much downside left as there was the R2 and 20 DMA as possible support area and CTRP was already down around 3%+ at that time. The NRIB provided a low risk entry. I was planning to cover entire position at 20 DMA but price was falling nicely. Covered remaining at $43 level.
WRB with a big upper wick. 2nd candle is NRIB closing strong. Looked good for a long but the 5 DMA was just above it. Still took a shot. Price ran up, partialled at PDH and remaining at 100% FE of the first candle.
I saw CTRP sell-off bars in the morning. At around noon, price consolidated. I thought there was not much downside left as there was the R2 and 20 DMA as possible support area and CTRP was already down around 3%+ at that time. The NRIB provided a low risk entry. I was planning to cover entire position at 20 DMA but price was falling nicely. Covered remaining at $43 level.
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