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vaidab
Apr 12, 2021 7:26 PM

IOSTUSDT Scalping opportunity Long

IOST / TetherUSBinance

Description

Buying after bouncing the 200 EMA and selling on its path, at the local support yields a 13% profit.
PS: This is no financial advice, it's only an idea derived from chart analysis.

Trade closed: target reached

IOSTUSDT jumped to 0.0853 for a +60% potential profit.
Comments
vaidab
IOSTUSDT jumped to 0.0853 for a +60% potential profit.
Warfightxr
I don’t think it’s going under 0.057 before the pump. It’s too late, train gone. When you see that price again is because everything is going down hill again.
vaidab
We can't predict it. That's why my idea works only if it bounces of the 200 EMA (it's the same pattern since Feb). If it doesn't bounce and falls through the EMA support, like you said, it may be time for a short.
vaidab
@Warfightxr, it seems it went to 0.085. The trade worked.
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