IOTA Weekly Swing Setup
IOTUSDType: Long
Entry: Break above $1
Stop: 0.9360
Take Profit: 1.1852 (target 1), 1.3439 (target 2)
Week long swing setup, of course there will be many resistance level and target along the way.
Rationale
- 5 Wave followed by ABC, forming 1-2
- Looking for a wave 3
Note
Bullish Bat spotted on 1hr timeframe
Trade closed: stop reached
Seem like got stop hunted and retracement went further down.
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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.