RUM - Episodic Pivot - 2024-12-23
RUM Trade Summary
Performance metrics and trade details for RUM breakout.
- Gain %
- 58.0%
- Market Condition
- Choppy
- Entry
- OPH
- Stop
- LoD
- Exit
- Signs of Weakness
- About
On December 23rd, news of a $775M strategic investment from Tether sent RUM soaring 40% at the open.
After a quick shakeout, an entry using the 1-minute ORH with LoD as stop (6.3% risk) was possible. With an ADR of 10%, the trade yielded a 26% gain by close or 58% by Day 3 before selling off.
Intraday Entry
After Breakout
