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TheSignalyst
Oct 17, 2021 5:49 PM

IOTA - Trend-Following Buy Setup! Long

IOTA / TetherUSBinance

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

IOTA is overall bullish so we will be looking for buy setups on lower timeframes.

on H4: IOTA is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, IOTA would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
CobraVanguard
exceptional analysis, keep it up
TheSignalyst
@T_V_TreeTrader, thanks a lot dear
Signal_Forex
Verry nise
TheSignalyst
@Signal_Forex, thank you so much :D
UnitedSignals
I agree!
TheSignalyst
@UnitedSignals, amazing!
FX_Professor
Nice work as always Richie :))
TheSignalyst
@FX_Professor, thank you Kyriaco :D
MMBTtrader
like it and after breakout we can only expect pump
TheSignalyst
@MMBTtrader, thanks my friend MMB
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