IOTUSD - Wave 5 long

Continuing on previous IOT short idea where I shorted wave C of 4 - expecting an extended 5 wave structure following an irregular flat.

Now price action has reversed at the start of wave 1 with a valid 5 wave structure that is wave C of 4.
We can long for wave 5.

Kommentera:

end of wave 1 rather*

Trade stängt manuellt:

wait and see what btc does

Handel aktiv:

i got back in with a better base price, reducing position size and sticking to the original plan

Kommentera:

let's see where this takes us, set SL to break even.