LONG TERM I'm 100% Bullish, this is a possibility for 1 week
Possible Scenario: SHORT Evidence: Price action
I expect a healthy correction, just temporary, before 28th June. and then it will bounce up to 12+ before July 16.
* It's my idea and could be wrong 100%
Trade attivo
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TP1 Reached, lets go for TP2
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I'm going to open PUT options, Strike 4$, July 16th. SL :9.25 Exit point: 6.45
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I opened short position also at 8$, I couldn't deny easy money
Trade chiuso: obiettivo raggiunto
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Commento
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most likely it's going to test lower key-levels, I observed 8M$ ITM Call options, strike 0.5, 1.5, 2 that is for hedging long positions, they expect more drop.
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join me in twitter: SHKSPRT
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I guess it's valid for July also, even more. As I trace option flow and price action and chart geometry, it's going to 4 or even 3$
by lower key levels, you mean 2.11? do you think it'll get that low? I'm trying to go long. i have 61.8% retrace at around 4.7
shkspr
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@ChupacabraKing, 4.70 is great buy zone, but I expect 3.26 area will be hit. but I'll start accumulating at 4.60 area
ELDORITO
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What's your opinion on July 16 calls at this point? Would you get out now and break even, or leave it and hope it goes up?
shkspr
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@ELDORITO, I guess they will wipe out July 16th Calls, and price will go below 5 , even 4 is possible, look at my key levels on the chart, they are all the possibilities.
shengxiang1988
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@shkspr, Thank you sir for your guidance. Exited at 8. Good chance to double my shares.