LaszloCryptoTrader
Long

IOTA still consolidating after the recent surge

BINANCE:IOTAUSDT   IOTA / TetherUS
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IOTA is still consolidating after the recent surge to 0.41 USD. Buy zone will be 0.33-0.35 (so another 4-8% down). Approximately 1 week hold until the next surge that should be higher than the recent one. Price surged due to recent news (here) about upcoming mainnet upgrade next week. Sell target will be anywhere between 0.40-0.70 (depending on BTC ). Staggered exit recommended with target profits at 0. 40 , 0.55 and 0.70.
Excellent profit opportunity if BTC stays within range.
Comment: Buy zone reached, 1st profit target also reached. Partial profit taken. Buy dips with taken profit until next week. IOTA will catapult next week if BTC stays range-bound.

Adjust stop-loss above entry level as BTC will behave unexpectedly over the weekend. If BTC pumps high, that's great for IOTA, if BTC dumps (which is more likely) your stop-loss will save you from losing and the dip can be bought up. BTC price should stabilise on Monday.
Comment: Main-net upgrade scheduled for tomorrow. Expected pump, followed by dump in the next weeks.

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