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$IOTA/USDT 1h (Binance Futures) Ascending triangle breakout

Long
BINANCE:IOTAUSDTPERP   IOTA / TetherUS PERPETUAL FUTURES
Miota broke out of that triangle and is looking ready for a leg up in my opinion.

Current Price= 0.3932
Buy Entry= 0.3933 - 0.3851
Take Profit= 0.4054 | 0.4292 | 0.4615
Stop Loss= 0.3730

Risk/Reward= 1:1 | 1:2.47 | 1:4.46
Expected Profit= +12.48% | +30.84% | +55.74%
Possible Loss= -12.48%

Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 120h
Trade closed: target reached: TP1 hit with +12.48% and 1R

Miota pumped as expected, higher targets are still in play!
Both free calls reaching target today that's pretty nice, plus many Premium too 😎

Trade closed: target reached: TP2 reached with +30.84% and 2.47R

Miota gave a last opportunity to enter then pushed higher as expected, last target almost hit and still in play.

Trade closed: target reached: TP3 reached with +55.74% (3x) and 4.46R

That's a wrap for Miota, finally made it to last target and even more, great trade!

Always manage the risk accordingly and respect leverage!

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Comments

I love this analysis. thank you for sharing
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