To The Moon

Options puppy Daily swing trading 24 hours trading skill 

🎯 Precision Exit at Micro Resistance — Why I Sold IWM at $216.12

I entered my IWM trade at $216.03, spotting a possible short-term rebound after a sell-off from the day’s high of $216.59. This entry was based on observing that the index was attempting to recover from a support bounce near $214.13, following a cascade of red candles with strong downside momentum.

Once the price approached $216.12, I exited—not because the trade failed, but because the chart signaled a prudent point to lock in a small but clean win. Here’s why:

⸻

📉 Resistance & Price Rejection Zone

The $216.12 level sits just under the intraday high resistance of $216.33–$216.59. On the 15-minute chart, this zone was already tested earlier in the day and strongly rejected, resulting in a steep drop to the $214 area.

This made the $216.12–$216.33 zone a likely ceiling—a place where sellers would return. I anticipated supply would overwhelm demand again there. True to the setup, the price lost steam right after touching this area again.

⸻

⏱️ Candlestick Behavior & Volume Clues

As the price approached $216.12, the green candles began to shrink, showing waning bullish momentum. Additionally, volume didn’t spike, meaning there wasn’t strong conviction to break through the resistance. This told me the move was likely technical, not trend-based.

⸻

💰 Profit Is Profit: “Win Some Better Than Not Win”

This wasn’t a home-run swing—it was a sniper trade. I locked in a $0.09 gain, just under 0.05%. Not glamorous, but this is scalp territory—and in a market prone to intraday reversals, taking profit near known resistance is often the right move.

In short: IWM touched a key resistance without volume or momentum to push higher. I took the quick win before the market could reverse. When it comes to short-term trades, “green is green " no matter the amount