To be honest, right after the $CARV opened, it tanked by 90%. This kind of movement is pretty scary, to say the least. Now, suddenly pumping back up, it looks more like a fakeout to offload rather than a genuine reversal.
For those looking to short, you can place your stop-loss at 45; if it breaks that, just take the loss. After all, rebounds following such a crash are usually just a one-and-done before continuing downward.
Currently, the risk-reward for shorting is solid, with a clear stop-loss and a favorable risk-to-reward ratio. If you want to jump in, consider a small position, just don’t get too carried away.
#CARV
For those looking to short, you can place your stop-loss at 45; if it breaks that, just take the loss. After all, rebounds following such a crash are usually just a one-and-done before continuing downward.
Currently, the risk-reward for shorting is solid, with a clear stop-loss and a favorable risk-to-reward ratio. If you want to jump in, consider a small position, just don’t get too carried away.
#CARV