IOTUSD: Trend Reversal and the Perfect Trade

How should the perfect buy opportunity look like, if we talk about a trend reversal?

Here is an example for you that can be used with any timeframe and in any market.

We have a local downtrend, which is a correction of the main uptrend in the higher timeframe.
The price reached the support zone and bounced form it several times. It tells us that the support zone is strong, and it can reverse the market.
Indicators confirm the price reversal and a possible upward movement.

The market gives us a trend reversal signal based on a bullish divergence. If the price breaks the local downtrend line, it will confirm the trend reversal. We have a strong buy signal based on the trend reversal signal.

Entry Price: above 0.2750
Stop Level: below 0.2530
Profit Level: at 0.3480

Risk per trade must be no more than 10% of your capital.
It is an example of how we can use the buy opportunity.

Don't forget that in our case, Bitcoin can change the whole situation in this market and push the price below the support. That's why the proper risk and money management must be involved in trading.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.