Brian_Philips

IOTAUSDT Good buy opportunity!

Long
BINANCE:IOTAUSDT   IOTA / TetherUS
Hey guys,
There is a good buy opportunity on IOTAUSDT based on the chart. So let’s see the reasons and what’s happening on the chart right now:
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1. Price is in an uptrend (Bullish)
2. Breaking the previous bearish trendline (Bullish)
3. Hidden divergence on RSI (14) (Bullish)
4. Reaching to the support line (Bullish)

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So that’s why we have bullish bias about IOTAUSDT. We always try to consider different aspects of trading but we do not see any bearish signal right now.
That’s why risk management is a necessity in financial markets.
But let’s see what’s your idea about it? Bullish or bearish? And why? Please bring your reasons in comments.
Good Luck!