IOTA is in bullish formation - ascending triangle. If breaks above line with one full hour candle then:
- buy with stop loss at horizontal line (about 1.49)
- target 2.20
- buy with stop loss at horizontal line (about 1.49)
- target 2.20
Trade active
This trade is now active.Note
Target reached within 2 days.You can profit now or let it run. I have placed a trailing stop on this to capture the rest of the move.
Note
46% profit in two days :)Note
80% profit with trailing stop loss.Trade closed: target reached
Next analysis will contain next target.
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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.