I basically trade using 3 main tools:
chart
tape
bookmap
Here is an example on VKTX, I was waiting the rejection of 2emas 1mins chart + vwap (my A+setup for bounces). Started short at around 13.30 waiting adds 13.70’s risking 14.’s.
Always know where is your target, your stop loss and how much you are willing to lose in every trade.
Started seeing rejection and neckline at 13.30, place where to start sh. Tier1
Opens with a push, look to add 13.75 RH risking 14’s
Zone x add x plan at 13.75, where we also had sellers step in creating a wall at 13.75
rejection comes, breaks low, sellers step in, tape fasting, red prints, below 13.20 bids will be underwater
Dump, panic, sellers in control, target 200ema 5m at 12.60
