OWL, Bought todays pullback with entry on smaller 5m timeframe

I bought this because the effort of todays candle does not match the result , we have a volume anomaly and I think that OWL is being manipulated today by smart money, pushing the share price on low volume so they can add. On the 5 min chart we can see stopping volume come in and selling absorbed on the following candles which coincides with the 10 EMA as potential respected support on daily.

Kommentera:

So obviously stopped out early on this but, In hindsight, I think that we initially did witness heavy manipulation (low volume large spread down move) to start the day , then I got long, but I did not anticipate the sellers would show up to support the move down after, which they clearly did ...
I think in hindsight , this trade goes to show that it's a good idea to wait for a follow up in these situations and even a follow through day to get long ...But also a reminder of how important respecting risk is .