Wassuuuuup ?!
Simple trade setup idea. I've been looking at IOTUSD regularely. It just broke the long term upward support here. This is a clear short opportunity :)
The red line is the support on a even longer timeframe. We might see a bounce from here.
It will depend a lot of BTC movement, the market, etc... So make sure to put a tight stop loss (just above 1.156).
A lot of room to go down :D
Cheers,
Simple trade setup idea. I've been looking at IOTUSD regularely. It just broke the long term upward support here. This is a clear short opportunity :)
The red line is the support on a even longer timeframe. We might see a bounce from here.
It will depend a lot of BTC movement, the market, etc... So make sure to put a tight stop loss (just above 1.156).
A lot of room to go down :D
Cheers,
Trade active:
Possible scalp :
Keep STOP at 10.157
Wave 1 :
SELL : 1.105 - 1.11
BUY : 0.87
Wave 2 :
SELL : 0.996
BUY : 0.64
Keep STOP at 10.157
Wave 1 :
SELL : 1.105 - 1.11
BUY : 0.87
Wave 2 :
SELL : 0.996
BUY : 0.64
Trade closed manually:
Stop reached, reversal happening on short time frames
Trade active:
Well back in the gaaaame :)
Trade closed: target reached