Hi. On IOTAUSDT we see the well-known "head and shoulders" formation. The situation is standard: for quite a long time (1.5 months) we are pushing the level. And now, we have a good chance to break it. The most important thing is not to make a false breakthrough and to fix position above 0.2521. We will put a stop at the previous low at 1h timeframe - 0.2466. Target at the next expected resistance level of 0.2728.
Trade closed: target reached
Congratulations!)
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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.