Description
⋅ 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
Trade active
⋅ starter position entered here, one more order at 17.5
Comment
⋅ Covered half of my short here at +26%
moved stoploss to breakeven.
Trade closed manually
⋅ i'm out here ~
💸