REDDIT
RDDT
- Apr. 3rd, 2024
BUY/LONG ZONE (GREEN): $50.50 - $56.75
DO NOT TRADE/DNT ZONE (WHITE): $46.00 - $50.50
SELL/SHORT ZONE (RED): $40.00 - $46.00
Not enough data to list 4H, Daily, or Weekly trend directions.
ATH: 74.90
ATL: 44.00
Wanted to chart up
RDDT
after the IPO and radical price movement. There is not enough data to show any form of trend direction on my usual timeframes, so I dropped to the 1H. Because of the lack of historical data, I was using the all-time high and all-time low prices for level references. The bearish target is $40.00, roughly 10% below the all-time low, as price is closely trading in that area at this time. The bullish zone is purposely around the same size as the bearish zone, but can be extended to around the $63.50 level.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, reddit,
RDDT
, rddt, redditstock, redditipo, ipo, rddtipo, redditdirection, reddittrend, redditlong, redditshort, reddittrade, redditstory, redditpost,
RDDT
- Apr. 3rd, 2024 BUY/LONG ZONE (GREEN): $50.50 - $56.75
DO NOT TRADE/DNT ZONE (WHITE): $46.00 - $50.50
SELL/SHORT ZONE (RED): $40.00 - $46.00
Not enough data to list 4H, Daily, or Weekly trend directions.
ATH: 74.90
ATL: 44.00
Wanted to chart up
RDDT
after the IPO and radical price movement. There is not enough data to show any form of trend direction on my usual timeframes, so I dropped to the 1H. Because of the lack of historical data, I was using the all-time high and all-time low prices for level references. The bearish target is $40.00, roughly 10% below the all-time low, as price is closely trading in that area at this time. The bullish zone is purposely around the same size as the bearish zone, but can be extended to around the $63.50 level. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, reddit,
RDDT
, rddt, redditstock, redditipo, ipo, rddtipo, redditdirection, reddittrend, redditlong, redditshort, reddittrade, redditstory, redditpost,
Comment:
Currently seeing a rejection of the 50.00 level, would consider 48.00 a safe entry for bears based on price action at this moment.
Comment:
This is a repost of yesterday's idea that was deleted.
Comment:
Price broke below the 48.00 level, tested and rejected the 48.00 level, and has now fallen to the bottom of the DNT zone and is wicking into the bearish zone.
Comment:
Trade active:
RDDT
has been bearish, we saw price break back above the 44.30 level, retest the bottom level of the DNT zone at 46.00, before rejecting and falling back below the 44.30 level.
1H view:
RDDT
has been bearish, we saw price break back above the 44.30 level, retest the bottom level of the DNT zone at 46.00, before rejecting and falling back below the 44.30 level. 1H view:
Trade closed: target reached:
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
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