Patiently waiting for $5 here

No long position here. I'm currently patiently waiting for PolkaDot to drop to around $5 , maybe even slightly lower. As you can see it's trading inside a downward channel, has pierced both the 14 and 50 EMA and even MACD is showing a downward slope. The 61.8 - 67% Fib area is a well respected reversal zone for most instruments and that's exactly where our $5 target is located. Remember guys, always have your risk in check.