Trader6127

IOTUSD - 25% Cyclical Trade? Last Leg Down?

Short
Trader6127 Updated   
BITFINEX:IOTUSD   IOTA
Hey traders!

I'm looking at this short trade as we continue to trade below the EMA50. Some very interesting market structure here, and we can see a potential breakdown of this descending triangle.

***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Comment:
Almost hit out TP!
Trade closed: target reached
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.