TonyAiello

REDDIT $RDDT - Apr. 3rd, 2024

TonyAiello ที่อัปเดต:   
BATS:RDDT   Reddit
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!

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ความคิดเห็น:
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.
ความคิดเห็น:
This is a repost of yesterday's idea that was deleted.
ความคิดเห็น:
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.
ความคิดเห็น:
RDDT has created bearish structure as it moved through the DNT area into the bearish zone.

1H view:
การซื้อขายยังคงดำเนินอยู่:
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:
ปิดการเทรด: ถึงเป้าหมายการทำกำไร:
RDDT has reached the bottom of my bearish zone, shorts have reached their profit targets.

1H View:

TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
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