MRNA
Lol Remember Covid?
Nancy Pelosi and her goons made so much money off MRNA.
Outrageous the amounts of people that pinned this rushed garbage.
Crazy to see the vaccine that “saved the world” tank so hard.
This junk topped close to 500.00 and it’s been on a downtrend since.
It currently finds itself at 122.50 with no signs of the downslide stopping.
Currently in a downtrend and under both the 50 and 200 ema.
Price has been ranging between 121.50 – 178.00.
Typically, I would look to enter trade at resistance level, but given the state of the market and the number of times price has touched the support level, im looking to enter trade short.
The support level has been touched multiple times now, its becoming weaker. With the amounts of seller pressure up top, price is looking to rip thru support.
If price is to break thru support, it should not break above the 50ema. Will be setting my stoploss just above that.
Entering trade short.
Entry: 122.48
Stop loss: 152.83
Target: 61.50, +49.79%, 2.01 RR ratio
Lol Remember Covid?
Nancy Pelosi and her goons made so much money off MRNA.
Outrageous the amounts of people that pinned this rushed garbage.
Crazy to see the vaccine that “saved the world” tank so hard.
This junk topped close to 500.00 and it’s been on a downtrend since.
It currently finds itself at 122.50 with no signs of the downslide stopping.
Currently in a downtrend and under both the 50 and 200 ema.
Price has been ranging between 121.50 – 178.00.
Typically, I would look to enter trade at resistance level, but given the state of the market and the number of times price has touched the support level, im looking to enter trade short.
The support level has been touched multiple times now, its becoming weaker. With the amounts of seller pressure up top, price is looking to rip thru support.
If price is to break thru support, it should not break above the 50ema. Will be setting my stoploss just above that.
Entering trade short.
Entry: 122.48
Stop loss: 152.83
Target: 61.50, +49.79%, 2.01 RR ratio
Trade active
Trade closed: stop reached:
Stop loss: 152.83
Trade active:
I knew this one will give me the reentry.
Entry: 192.18
Stoploss: 227.01 (-18.08%)
Target #1: 120.88, +37.16%, 2.06 RR ratio
Target #2: 61.50, +68.01%, 3.76 RR ratio
Entry: 192.18
Stoploss: 227.01 (-18.08%)
Target #1: 120.88, +37.16%, 2.06 RR ratio
Target #2: 61.50, +68.01%, 3.76 RR ratio
Comment:
running
Its now giving us another entry to short.
Sometimes the analysis is right but the market takes you for a ride. Glad i didnt give up on this one. taking this one to 62. Do the math