Short
STR needs to cool off
Cool down period after an epic run. Topping out at 1.618 extension of wave 2 in a massive rising wedge. Still think we go higher this year, but a correction feels due. Bearish divergence showing on shorter time scales, slowly building a short position on any spikes. However, as those of us in the cryptosphere know, rationality can always go out the window and this could blast higher.
Previous analysis here:
Previous analysis here:
Trade closed: target reached
Trade closed manually
Note
took small profit at the bottom of the dip, but had to back out of this one as she shot towards the sky again.
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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.