$AFRM
This see's $40's next after a putrid range and volume to pair with it. Early longs bodied
Gonna go out on a limb and say June / July provides us with the needed false break below $40. Maybe August we reclaim aggressively
Then this sees $200-$250 in the following year, year and a half
$SOUN
Oh and trading the downside to pay for the eventual A+ long. Price'll sweep liquidity sub $8 and bounce back to somewhere in the gap before a trap sequence. Short tf out of that #nfa
Notice the pullback in vol paired with the pullback in price, notice the small spread candles paired with low vol, notice the wide spread bullish candles, notice price floating above previous resistance waiting for the EMAs to trend higher, notice the aggressive reclaim of the 10/20 on the 4HR
$CRWV
Fade lower, false break below $100, lift with ease stair stepping to the top of the range and beyond. Pause, test, consolidate. Failed break back into the range ignites the next move higher.
Gamma oriented entry, theta protection roll (or gamma continuation hedge, then first part), gamma entry on first SOS, roll up and out as process continues.
Nah. My size is very small though. I am playing one candle essentially here. If it bounces, great. If it fails, I'll close and look for re-entry.
I think there is a possibility we see a false breakdown below $110 to which we fill some (or possibly all) of the open gap. I think this has a higher liklihood of happening.
But in the event I was wrong, threw on some light size to see if price bounces.
$CRCL
Taking another stab long here. 4HR closure back below $115 and I'll be out.
4HR popped back above the 10/20 and subsequent action is a small spread low vol. candle. Displaying a lack of seller control.
$ARM
Threw on light risk to see if it bounces. Somewhat expecting it to fail. But 4HR didn't show any convincing seller control.
Weekly looks like it wants lower though, thats where the hesitation comes from. We shall see. A+ regardless.
$UPST
Watching over the next 2-4 days for an entry long. Expecting price to fade and compress lower, likely with an hourly or 4HR close below $27.50 and then recovery.
Similar to how $NFLX progressed last week into today.
@SevenParr Price cycle says otherwise. This is heading lower until it compeltes its bear cycle. It had its run the last 1.5 years. Value is significantly lower. Long term, still A+
$CRCL
Looking for the hourly to close below ~$122 and then to reclaim. Going to be an absolutely nasty lotto long here. Might be best of the year idk. Vol compressed like a mf
Threw some risk back on for 5/29 155 strikes. Kind of just aiming for a bounce to $160 and then for price to consolidate / retrace to EMAs. Could absolutely fade lower. But two 4HR candles with this lack of spread (given we have yet to close, who know's may fade EOD), indicate sellers lack control. Below $150 tomorrow and I'm out
$XOM
Got in May 8th 160C during the AM during today's session
Aiming to pay for the LEAP w/ the lotto. Small size, pays early if right, finances LEAP, if wrong small loss
@BuckinghamWyatt Forgot the weekly chart lol. Notice the volume contracting as price does the same. Even considering last week had ER catalyst. Probably a test of seller commitment and one that succeeded.