I traded $INVT today because a PUMP stock. I just sit and wait to climb to the top. How do I know the top? I don't. The way I recognize is when it's showing the lower high. So around $2.81ish tap tap couple time and fall to $2.72 and then another lower high. Now I know $2.81ish is the top. I start in short 1/3 size around $2.66ish and will short more if it's keep falling or going up to $2.75ish and my risk level would be $2.81ish. I cover all at $2.13. Below is 1 minute, 2 minutes and daily chart.
The game plan is don't chase. Let wait for the setup come to you.
$EARS shorted around $4.70ish risk at the VWAP and $4.80 level. Chart show the high, and lower high, so I base on that number as a guide. Below are 1 minute, 2 minutes and daily charts. Red triangle indicate the short trade, green triangle indicate covering...
$PIP shorted 12/24 around $2.02ish all they way down to $2.00 base on the $2.10 high when market open. Goal is to cover around $1.60 but didn't crack so I hold force to hold overnight covered around $1.8 today.