Short
Metaverse (ETP) Short
Updated
BITFINEX:ETPUSD
Type: Short
Entry: 2.06
Stop: 2.22
Profit: 1.85
Rationale
- 5 Wave Structure, looking for an ABC correction will monitor if it just sideways consolidate
- Target is the 38.2 Fib line
- Bearish Divergence
- Strong volume candle indicating lots of shorts liquidation
Type: Short
Entry: 2.06
Stop: 2.22
Profit: 1.85
Rationale
- 5 Wave Structure, looking for an ABC correction will monitor if it just sideways consolidate
- Target is the 38.2 Fib line
- Bearish Divergence
- Strong volume candle indicating lots of shorts liquidation
Trade closed manually
Closed at break-even as it looks like its doing a sideways consolidation instead of a zig zag retracement
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