Bought on midday sharp 25 min dip from 3 to 2.30 without a bounce, 2.45ish was the breakout level with lots of conoslidation so thought it would bounce to 2.75 because that was previous support now turned resistance. It did bounce to 2.60 but then failed back down. My mistake: 1) midday, volume was 10% of normal volume that day. 2) the stock is up 7 times in the past 2 days so eventually once all the shorts are out which aton of them did get squeezed, its not gonna bounce as much. Not a bad trad