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
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.