IOTA / TetherUS
Long
Updated

Potential rally upcoming for IOTA

367
4 hour time frame, we clearly broke out from this falling wedge to the upside. Here is my high leverage position setup.
I will keep updating this setup unless we hit stop loss
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Update: Might take my stop to just below $1, which will act as a psychological support
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Update: Rally started as expected, our first take profit level of 1.16 is near
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Update we hit our first target and are currently retracing
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We hit our second target of 1.350 and are currently retracing
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We can add in to our position at 1.18 level
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looks like we had perfect buy back at 1.18, for now we are still bullish
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About time we move our stop profit to 1.159
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Updated target: 1.47, 1.62
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Update: Sideways action for now with a symmetrical triangle being formed in lower time frame
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Update we reached the updated target of 1.62

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