IOTA - Trap slams shut๐Ÿชค

Reasons to take short:
โญ๏ธ BTC bearish
โญ๏ธ Level is 8 days long
โญ๏ธ Trendline is clean
โญ๏ธ Trapped bulls
โญ๏ธ In the end of formation
โญ๏ธ Price is squeezing to local level
โญ๏ธ 3rd touch
โญ๏ธ 40 ATR
โญ๏ธ Under VWAP

Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
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