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The_Paradoxed_Prophet
Jul 23, 2018 2:11 AM

$IOTA/BTC ~ Bouncing off long term support. Long

IOTA / BitcoinBinance

Description

After IOTA released their marketing video today, I wanted to see the cross reference between the fundamentals and technical analysis for a coin thats usually so quiet. And, as you can see they've timed this video nicely to support the technical analysis crucial point of bouncing off a long term support. I've personally taken a position in this trade from 0.00013000 with multiple entries all the way up to 0.00013500.

I believe we'll see a nice uptrend follow from here. My stop loss is in place under the support just in-case Bitcoin's actions cause a sell off.

Trade safe. Average in/out. Use stop losses.

Trade active

< Long Term supports.
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