on bed bath & beyond there is a nice support and resistance level going a long way back, marked by the pink line also nearly this level is a pivot point marked by the red line and also lining up with this level is a 50% of the last move. if price moves back to this level and rejects i see downside to around the $50 level. at current levels if it gets trigged the R:R can hit 1:! before the old lows that sit about 1:1.2 and can remove the risk from the trade
Trade closed: stop reached:
After moving stop to break even I was droped out
