Just closed out the TOSHI position after hitting the stop loss. Kept the position tight and sizing small due to low confidence in the setup following that sharp rejection at the channel resistance level. The trade lacked the conviction needed to hold through the noise. Now watching for a cleaner entry opportunity—ideally we get a pullback to that weekly support zone we mapped out previously. If not, we're looking for a break above this descending channel pattern as the next signal. Either way, waiting for better odds before re-engaging.
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MEVHunterNoLoss
· 11h ago
Stop loss is just that—don't overthink it. The next opportunity is more important.
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PerennialLeek
· 11h ago
Stopped out and exited. No confidence in this move, a wise decision. Let's wait and see if there's a cleaner entry point, don't rush to re-enter.
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MEVSandwichMaker
· 11h ago
The stop-loss is indeed real, but I don't see the rebound point on the channel as being that absolute... If next week it can retouch that weekly support, it will be interesting.
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AlwaysQuestioning
· 11h ago
Stop-loss liquidation is all it takes. Honestly, this kind of rebound has no real signaling value at all.
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fork_in_the_road
· 11h ago
Stop loss is just that—stop loss, better than holding on until death. Wait for a nice rebound at the support level before entering again.
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SchrodingerProfit
· 12h ago
A decisive stop-loss. I appreciate this level of rationality more than stubbornly holding on.
Just closed out the TOSHI position after hitting the stop loss. Kept the position tight and sizing small due to low confidence in the setup following that sharp rejection at the channel resistance level. The trade lacked the conviction needed to hold through the noise. Now watching for a cleaner entry opportunity—ideally we get a pullback to that weekly support zone we mapped out previously. If not, we're looking for a break above this descending channel pattern as the next signal. Either way, waiting for better odds before re-engaging.