Similarly to Bitcoin, we were anticipating the 5th subwave drop but the 4th subwave has turned into an extended ABC correction.
Watching the recent highs and the parallel correction resistance for bearish price action.
Trade Idea:
- Watch for bearish price action around one of the areas of interests mentioned above
- Draw a trendline and watch for a break for a more confirmed entry
- Once broken, enter with stops above the recent highs
- Targets: 800, 700, actively manage the rest
Goodluck!
Watching the recent highs and the parallel correction resistance for bearish price action.
Trade Idea:
- Watch for bearish price action around one of the areas of interests mentioned above
- Draw a trendline and watch for a break for a more confirmed entry
- Once broken, enter with stops above the recent highs
- Targets: 800, 700, actively manage the rest
Goodluck!
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