Shorting stellar margin on poloniex saw a nice setup for a b to c leg in this bull trap
(now that bitcoin is headed to test 8000$ i'm expecting a lower low in many coins I am mainly buying all this panic but Stellar still has a good risk to reward ratio for shorting so i'm shorting for the next few days or so down to the bottom of its 1 wave)
Big picture this is just a 4 wave so STR has a lot of upward movement left but for now we need to see lower lows to test its 1 wave .
(now that bitcoin is headed to test 8000$ i'm expecting a lower low in many coins I am mainly buying all this panic but Stellar still has a good risk to reward ratio for shorting so i'm shorting for the next few days or so down to the bottom of its 1 wave)
Big picture this is just a 4 wave so STR has a lot of upward movement left but for now we need to see lower lows to test its 1 wave .
Comment:
Closing my short here at .28 cents
Trade active:
long now