tangman

IOTA... tight stop, low risk trade.

Long
tangman Updated   
BITFINEX:IOTETH   None
I have been somewhat bearish on IOTA for a few days, expecting a further crash. However, I have deep respect for my ability to be wrong.

Seeing IOTETH recovering and poking above the triangle apex here, good risk-reward. Close stop. Fast, dangerous, close stop. Happy New Year.
Comment:
I hardly ever see a chart go all the way to a triangle's apex, down to the last hours. Looks like all moves have been rejected. Curious behavior, I wonder if some large players are forcing it to be. We'll see what happens.

Trade active:
Added to position.

Could be happening.

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