To the moon!
Daily Plan 11.20.24
Hey-
Wonderful day to be an orderflow trader where all our levels played out today.
Main expectation was to see us sell down from 5911 into 5880 which traded overnight, before cash open. At the cash open, we saw buyers come in at 5880 and then sellers emerge at 5940. Perfect levels.
SMCI
I favor any dips into 23-24 for SMCI to remain supported, and if we are able to close above 30, we could trade 50 again. We are now 28.
COIN
COIN is now trading 325 dollars. I think this is headed higher into 380s, this is an old orderflow level when Cramer first got bullish on it in 2021. We sold off from here to 60. We became bull on coin at 50. It is now 325.
MSTR
If I am the adventurous one, I am long here on MSTR for a move higher into 500. If I am less adventurous, I am waiting for 380-390 for a move into 500. It is 430 now. I like the 380 December MOPEX CALL on MSTR if can be had for like 20-30 bucks. It is now 97 dollars.
Levels
5903 will be my key level. If level holds, I expect a test of 5946-5947. We are now 5937.
I am gonna use the opportunity again to remind you that many of you are getting too stuck on analysis. Analysis does not matter. Only execution does. Support and resistance levels are ok, but not the main thing. The large traders already know what support level you will buy. They know it a day in advance. They wanna break it. They wanna use your buying to sell into. Do not overthink technical analysis, get into orderflow and start refining your execution. Remember you wanna be a subscriber here in Substack for all market related intel. If I am ever canceled on platforms like X, this is the only way to hear from me- until further notice. For a real trader, not to be in a trading focused forum like this is simply beyond me! What for, to save 2 dollars a day? Come on now. You can do better than that.
Much more to come. Stay tuned. Subscribe and save now before massive price hikes in 2025.
~ tic
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