That is exactly how u play low float setups to the long side.
You wait for the decisive level to break after 10am (shorts are now the "bagholders"), then u go long on the pullback ONLY if it holds (meaning the manipulators are purposely preventing shorts from breaking even).
You wait for the decisive level to break after 10am (shorts are now the "bagholders"), then u go long on the pullback ONLY if it holds (meaning the manipulators are purposely preventing shorts from breaking even).
https://twitter.com/__shaka_zulu__/status/1368685405529403393
The reason it's important to WAIT for the pullback to hold ABOVE the decisive price b4 longing is b/c sometimes they just breach the level to trigger stops, then dump their long position into the stopouts. u DONT want to long that b/c they're no longer committed to prop the stock
Here are 2 pictures to illustrate this, for my "visual learning" motherfuckers.
Picture B sums up the anatomy of and every other low float black swan in the last 10+ years
Picture A is just an exit strategy (break of decisive price just to dump shares).
Picture B sums up the anatomy of and every other low float black swan in the last 10+ years
Picture A is just an exit strategy (break of decisive price just to dump shares).
Remember, dont overcomplicate trading. it's ALL about knowing WHO the bagholder is. WHO is bent and desperately needs liquidity to get out? WHO is staring at his PNL shitting his pants and praying for a pullback (trapped short) or bounce (trapped long).
#BearTipOfTheDay
#BearTipOfTheDay
*anatomy of $EYES
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