$IOTA/BTC 4h (Binance Spot) Falling wedge breakout

Mar 16, 2021

Miota is trending inside an ascending channel and has broken out of that falling wedge.
Let's wait for a pull-back and try to catch it on 50MA support retest, which is also a demand zone!

Current Price= 0.00002450
Buy Entry= 0.00002385 - 0.00002323
Take Profit= 0.00002659 | 0.00002898 | 0.00003316
Stop Loss= 0.00002150

Risk/Reward= 1:1.5 | 1:2.67 | 1:4.72
Expected Profit= +12.96% | +23.11% | +40.87%
Possible Loss= -8.67%

Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 2 weeks

Mar 17, 2021

Trade active

All entries filled

Miota is retesting 50MA and the broken wedge , let's see if it can bounce here!

Mar 22, 2021

Trade closed: target reached

TP1 reached with +12.96% (1x) and +1.5R

Miota finally bounced and hit our first target, patience paying!

Mar 23, 2021

Trade closed: target reached

TP2 reached with +23.11% (1x) and +2.67R

Miota kept going up as well and almost hit last target, still in play!

Apr 13, 2021

Trade closed: target reached

TP3 reached with +40.87% (1x) and +4.72R

Miota nicely went for last target after some ranging, good thing we were patient enough!
Looks probable to continue bullish so I may re-enter on a channel breakout.