IOTA READY TO BREAK OUT OF THIS PATTERN? - CryptoManiac101
Updated
IOTA is a great coin with new partnerships, however pattern we are working has is not an easy one in current market. According to this particular pattern we have over 60% probability to see upward break, however if Bitcoin remains under $6,500 we will see a possible downward break.
Recommendation
Investors looking for safe entry, wait for firm break, then do tight Stop Loss.
Current investors should set SL at rising line with rebuy order at demand zone thereafter.
Please remember that only firm break counts. We have many false breakout this year, so don't do automatic SL.
We are neutral on this trade until Bitcoin goes into recovery.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Recommendation
Investors looking for safe entry, wait for firm break, then do tight Stop Loss.
Current investors should set SL at rising line with rebuy order at demand zone thereafter.
Please remember that only firm break counts. We have many false breakout this year, so don't do automatic SL.
We are neutral on this trade until Bitcoin goes into recovery.
Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Trade active
On firm break downward we will cancel this tradeNote
This is not a firm break just yet, we keep holdNote
Demand zone here we come
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.