Short TRB

Price is completing B correction wave , divergence between wave 3 and 5 is clear. also there is a
macro resistance around 17$
so , I expect wave C to happen

Transaction en cours:

After approaching the weekly ma100, which was a big trap, it has returned below its powerful weekly resistance, so I still expect a correction. It is noteworthy that after yesterday's growth, the fifth wave has become larger, so now the first correction wave can be Less power is formed.

Commentaire:

Sometimes the third wave is expanded with a final micro wave to deceive people and then the fifth wave is created later, this happens repeatedly by the market maker to deceive .
for the moment price reaches to very strong weekly resistance zone and also is facing with MA100 and EMA100 in weekly chart.
in daily chart the coin is overbought with divergence.
so I entered to Short position in 20 and set my stoploss on 22.1 . the first target would be 17 .
please do your researches and trade with your own strategy

Trade fermée: ordre d’arrêt atteint