MIOTA (IOTA) - W Bottom
Miota printed yesterday a new 88-day high after forming a beautifully clear W bottom. Breakout volume was 3x the average. Even though the price picture is very clear, the trade proposition isn't that great.
For instance, there are a lot of better risk-reward ratios being offered by other alts and daily momentum has been slowing down consistently.
Will keep an eye on price action moving forward.
For instance, there are a lot of better risk-reward ratios being offered by other alts and daily momentum has been slowing down consistently.
Will keep an eye on price action moving forward.
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