hey guys this is an update on long #XBTUSD call from 9080-9250,
looks like we're going through a flat correction and now we're in wave c, most likely the end of subwave 4, and in a flat correction a usually wave c could travel upto 100-127.2% of wave A which in this case could end up around 8735 and this level is below our stop loss which is at 8780.
also we're getting a 55 EMA support in 4h chart around 8750, so there's a high probablity that prices could drop to this level and bounce back from here, so without taking anymore risks am now moving my stop loss to 8700 which is in a safe zone to rescue my position
looks like we're going through a flat correction and now we're in wave c, most likely the end of subwave 4, and in a flat correction a usually wave c could travel upto 100-127.2% of wave A which in this case could end up around 8735 and this level is below our stop loss which is at 8780.
also we're getting a 55 EMA support in 4h chart around 8750, so there's a high probablity that prices could drop to this level and bounce back from here, so without taking anymore risks am now moving my stop loss to 8700 which is in a safe zone to rescue my position