LITE Is Flying — Here's Where I'm Looking to Short It (+ 6 More Setups)

Описание: Sometimes the charts line up perfectly — and the trade still goes against you. In this video, Benjamin Pool, Head Trader at Verified Investing, breaks down seven chart setups including SMR, OKLO, SMH, CIEN, META, SPY, and LITE — and at the end, walks through the exact LITE trade where he dollar cost averaged into a short, got stopped out, and took a $16,000 loss live in the trading room. No filters. No excuses. Just the chart, the levels, and what happened.
🔴 LITE — After a massive surge on the Nvidia partnership news, Ben identified gap fill resistance and a 10-minute topping tail as a short setup. He entered at $765.33, averaged in every $7–$8, and got stopped when price broke into a bull flag continuation. Swing short target remains near $901.68 at the top of the parallel channel.
🟢 SMR (NuScale Power) — Down-sloping trendline approaching a potential breakout. Aggressive entry at $9.61 with gap support and consolidation below. Prior move ran from ~$9.61 to ~$57.50 — a strong historical precedent for a big bounce. Key resistance on breakout: $13.98 and $15.34.
🟢 OKLO — Similar trendline structure to SMR. Fourth hit of down-sloping trendline approaches — a 50/50 break or rejection. Aggressive long entry at $45.05, with support at $43.63. Breakout target near $56.95, with fallback support between $39.72 and $31.92.
🔵 SMH — Up-sloping trendline with a potential reset at the third hit. Shortable gap fill resistance at $399.02. Support levels at $362.52 and $338.08 if trendline fails.
🟢 CIEN — Breaking above an up-sloping parallel channel. Resistance at $450, then potential run to $500. Midline support near $366.10 is the key swing trade entry on any pullback.
🔵 META — Three-hit down-sloping trendline rejection drove the waterfall. Price now back above up-sloping trendline. Gap fill targets: $594.09, then $637.19. Watching for a fourth hit of the down-sloping trendline as the next decision point.
🔵 SPY — Resistance at $657.83. Long levels at $638.80 and $631.97. If $608.48 is reached, Ben is looking for a significant long opportunity tied to a major up-sloping trendline dating back to October 2022 lows.
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@benjaminpoolprotrader @garethsolowayprotrader
⚠️ This content is for educational purposes only and is not financial advice. Trading involves significant risk. Always do your own research and consult a licensed financial professional before making any investment decisions. Past performance is not indicative of future results.
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