sykes

IOTA Long opportunity 15-2-18

Long
sykes Updated   
BITFINEX:IOTUSD   IOTA
Going to play a long on IOTA today. Going to look to get a buy of around $2 on a smaller timeframe and use a tight SL, just under breakout/previous support, and a trailing stop once I get into profit. Will ride it as it goes up but looking for targets of around $2.60 - $2.80.

Look how similar it is to LTC and look at what LTC did.

Comment:
Got in at $2.056
SL $1.92
With BTC moving good the last couple of days, I feel this is a pretty safe play.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.