IOTA TOO FAST TOO FURIOUS
Hey there,
I have a small short trade here. IOTA is one of my favorite coins because of its volatility so I see this opportunity.
It has reached a resistance level at about .9$ as you can see from the chart
Game plan:
SHORT AREA 0.86 - 0.9 $
Stop Loss 1.0 $
Target .61 $
Profit Ratio 3:1
Time frame 1-2 days
Other support insight is that Bitcoin will hit about 8k and follow a correction toward 6200$, Iota will follow as it is really well connected to Bitcoin movements
I have a small short trade here. IOTA is one of my favorite coins because of its volatility so I see this opportunity.
It has reached a resistance level at about .9$ as you can see from the chart
Game plan:
SHORT AREA 0.86 - 0.9 $
Stop Loss 1.0 $
Target .61 $
Profit Ratio 3:1
Time frame 1-2 days
Other support insight is that Bitcoin will hit about 8k and follow a correction toward 6200$, Iota will follow as it is really well connected to Bitcoin movements
Trade closed manually
IOTA is forming a triangle that will probably go up. Close SHORT order .77$
Open BUY order .77$
Stop LOSS .75$
Taget: 1.15$
Trade closed: stop reached
Well, IOTA is in uptrend but corrected till .65$ Our initial idea might be right :)
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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.