Jan. 5 at 3:32 AM
$BLNK scalp
TRADE - BTO BLNK @ .70 -
STC BLNK @ .74
CATALYST - Technical bounce from yearly low
TECHNICALS - BLNK melted down from
$2.56 to .63 cents in a matter of two months. In April of 2025 BLNK had seen .63 cents as well so this was a great double bottom bounce for a yearly low
BLNK was setting up for an inverse head and shoulders and I took position above the neckline resistance near .70 cent.
Exit was at a sell volume node on the volume profile. First major sell node starts at 74 cents. Next one is even larger at 80 cents. If it breaks through there then another scalp will follow