IOTAUSDT 1H long setup anticipating a break of the trendline
Updated
TA Explained
IOTA is trying to break this trendline after creating a continuation pattern on the 1H TF. Also visited previous resistance levels to turn it into support. Looks ready to go up.
Trade setup
Best entries: 0.02689 - 0.02765
TP1: 0.2850
TP2: 0.2944
TP3: 0.3069
SL: 0.02608
RR: 2.87
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
IOTA is trying to break this trendline after creating a continuation pattern on the 1H TF. Also visited previous resistance levels to turn it into support. Looks ready to go up.
Trade setup
Best entries: 0.02689 - 0.02765
TP1: 0.2850
TP2: 0.2944
TP3: 0.3069
SL: 0.02608
RR: 2.87
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Trade closed: target reached
Trade closed all targets reached with a little bit less than 40% at TP3
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