EthanTW

IOTAUSDR - Entry timing

Long
BINANCE:IOTAUSDT   IOTA / TetherUS
BINANCE:IOTAUSDT
4H trend chart
-
IOTA has been consolidating and converging.
Now, it is trying to take out the upper downtrend line, but we shall be aware of fake-out in 4H chart.
If price can break out the downtrend line around here, trading strategy as below.
-
Profit Targets:
a) 1.62----Blue horizontal ray
a) 1.7664---Fib(1)
b) 1.9686~2.0504----Fib(1.272~1.382)

Stop losses:
a) 1.366-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!


Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!

🌕Discussion group: https://t.me/rextalkcrypto
🌔Official channel: https://t.me/retradingroom
✨Bybit sign up: https://www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join our Teaching Group for free!(PM me)