qtum looks bullish at first glance,
but when zooming out there's something bigger at play.
this move from yesterday looks like a simple zig-zag (5-3-5), and its currently resting just beneath the 100% extension.
i believe that the fifth wave is in, and it's currently in a phase of distribution here.
might see one more pop as a raid, before it capitulates to the downside algo target at $11.8
but when zooming out there's something bigger at play.
this move from yesterday looks like a simple zig-zag (5-3-5), and its currently resting just beneath the 100% extension.
i believe that the fifth wave is in, and it's currently in a phase of distribution here.
might see one more pop as a raid, before it capitulates to the downside algo target at $11.8
Trade active
starter position entered here, one more order at 17.5Note
Covered half of my short here at +26%moved stoploss to breakeven.
Trade closed manually
i'm out here ~💸
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.