Hello friends. In our original idea about Floki, we explained that the Elon Musk Tweet is extremely bearish for Floki since it means that the absolute dumbest retail traders have bought in and are now trapped holding trash bags. We took a trade that we later closed for a profit a little bit larger than our risk. This time we want to catch the full trade and hold it to completion. We set up the take profit and stop loss just based on the volume profile.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.