Hello, Traders!
IOST is in the main trading range of $0.005150-0.006126.
Dynamic support for the price is provided by MA100 on the daily timeframe.
The local buying liquidity buffer is in the range of $0.005550 - $0.006126 where you can accumulate the first part for the long position.
To reduce the risk in case of a sharp dump, the second part of the long position can be gained:
1) between 0.005150-0.005500 $ in case of the retest of the lower limit of the main trading range - the level of 0.005150 $.
2) between $0.006126 - $0.006424 $ in case of price reaching the upper border of the trading range - the level of $0.006126.
The targets will be the price levels of $0.007355 - $0.008340. For a mid-term trade, we can add a target of $0.010382
The SL can be set under $0,004890
Good luck and please leave your feedback below.
P.S. This is not financial advice, but only trade I would be following myself
IOST is in the main trading range of $0.005150-0.006126.
Dynamic support for the price is provided by MA100 on the daily timeframe.
The local buying liquidity buffer is in the range of $0.005550 - $0.006126 where you can accumulate the first part for the long position.
To reduce the risk in case of a sharp dump, the second part of the long position can be gained:
1) between 0.005150-0.005500 $ in case of the retest of the lower limit of the main trading range - the level of 0.005150 $.
2) between $0.006126 - $0.006424 $ in case of price reaching the upper border of the trading range - the level of $0.006126.
The targets will be the price levels of $0.007355 - $0.008340. For a mid-term trade, we can add a target of $0.010382
The SL can be set under $0,004890
Good luck and please leave your feedback below.
P.S. This is not financial advice, but only trade I would be following myself