Historically IOTA had a correlation to BTC price movements against USD. If it still hold true and Bitcoin starts a correction IOT/BTC will follow.
If we break to the upside a top of +40% from the breakout could be possible.
Take profit along the way in order to manage risks at +25% at the 0.382 .
The TK recross is showing us that the momentum still valid and a tendency for the price to fall more is quite likely.
If we break on the downside we find support at the 1515 mark at a -32% from the breakout.
Always wait for confirmation as this is a very volatile period with traditional market players (eg ) entering the space.
If this trade made you some money. Tips are welcome.