IOSTUSDT Buy the Retest
Updated
IOSTUSDT Buy/Long
Waiting Restest for Entry
On smaller timeframe H1 IOSTUSDT brokeout a triangle pattern with less volume, it may indicate a fakeout.
Let the price make a retest to to breakout zone and a retest is must likely because the volume is not big enough and let the RSI come to a neutral zone then buy if it reverses from the breakout zone.
Entry Price : 0.003155 - 0.003180
Stop Loss : The previous low or 4%
Profit Target : T1 & T2 (15% < 25%)
Risk / Reward Ratio : 1:6
👍
Waiting Restest for Entry
On smaller timeframe H1 IOSTUSDT brokeout a triangle pattern with less volume, it may indicate a fakeout.
Let the price make a retest to to breakout zone and a retest is must likely because the volume is not big enough and let the RSI come to a neutral zone then buy if it reverses from the breakout zone.
Entry Price : 0.003155 - 0.003180
Stop Loss : The previous low or 4%
Profit Target : T1 & T2 (15% < 25%)
Risk / Reward Ratio : 1:6
👍
Comment
If price breaks below the trend support line it will turn bearish. Only enter when it reverses buliish with big volume.Order cancelled
Pattern Invalidated. Didn't took entryDisclaimer
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