$ULY : Small cap , low float . Looking to short the dead pump bounce to the long kiss goodnight . Timothy Sykes 6-7 framework . Using 6.71 region as risk if stock shows weakness in premarket . Could continue to second Green Day if volume is strong premarket and shows potential longs coming in . 50% bounce from key level . Entry signals are weak movements , low volume , and again , risking high of yesterdays bounce .
Prediction was correct but movement happened as soon as premarket opened & didn't decide to wake up for it as I thought the low volume from previous day would delay till market open . Will consider to wake up to at least check the type of movements might happen . It traded under VWAP which acted as perfect resistance and risk to cover .
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