IOTA - Big Short.
The comments are in the chart.
I started shorting, a small part.
I started shorting, a small part.
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Forgot to comment the indicators, but they are pretty easy to understand right now.ملاحظة
A zoom up.Shorting is risky now, wait for confirmation.
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Unconviced of shorting, here you have a bearish gartley reversal pattern.ملاحظة
Breaking previous high will attempt to break ATH.تم فتح الصفقة
Bull trap confirmed.تم فتح الصفقة
My back pain is starting to get better which makes me think bears have won. First target 50% drop from the top, then will try again and probably fail and drop hard , buy back in 3 months for the next run.تم فتح الصفقة
IOTA Broke down the Triangle some where looking at, it is in an ascending wedge and within a channel, in a critical spot. Good luck.It may be pumped desperately but ultimately it will not break through ATH, IMO. 5 USD is Selling Zone, Buy Zone at 3.5.
I wouldn't short now, but sell to avoid losses, do not FOMO if there is a bull trap.
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Watch for the dip in the following days. Look at the first chart, you will see it's exactly at the point where if it breaks it drops from the 2nd ARC (I wrote 3rd ARC by mistake in that idea). It can go as low as 3, then will fomo up. and then when it breaks the other support if it doesn't penetrate the arc, it will go to 2 usd. and if it breaks 1x1, it will drop like a rock. Good luck.ملاحظة
If you have balls, short untill 3. it will bounce hard and fail 4.2 or so, that will be a better short entry.ملاحظة
That was the best short entry anyone could get.ملاحظة
In a few days there will be a sell off.أغلقت الصفقة: تم الوصول للهدف
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