IOTA is forming a rising wedge on the hourly timeframe Bearish RSI divergence gives us extra confirmation A break of support trend would give us confirmation that the rising wedge is in play Target is 0.5 Fib retracement
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We didn't have a break of support trend so our short was not triggered. Now we wait for new opportunities.
@PieterPips, Not at all. Our short trigger was never triggered since we didn't have a break of support trend. This opportunity didn't play out so we just wait for another one. Thank you for your support