TradingView
Artem_Dishel
Jun 29, 2022 5:24 AM

IOTA - Trap slams shut🪤 Short

IOTA / TetherUSBinance

Description

Reasons to take short:
⭐️ BTC bearish
⭐️ Level is 8 days long
⭐️ Trendline is clean
⭐️ Trapped bulls
⭐️ In the end of formation
⭐️ Price is squeezing to local level
⭐️ 3rd touch
⭐️ 40 ATR
⭐️ Under VWAP

Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%

Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum


What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Comments
Solldy
Great analysis of the asset, I don’t really like analyzing this asset, but your idea is very high quality. Great work, colleague!
Artem_Dishel
@Solldy, Thanks brother, trying my best
DeGRAM
Thank you. Great job.
Artem_Dishel
@DeGRAM, Thanks
UnknownUnicorn15614419
Logical chart
Artem_Dishel
@TradingStat, My pleasure
RLinda
Maybe. Thanks for sharing. I like it)
Artem_Dishel
@RLinda, I am glad
HAMED_AZ
thank you for sharing
More