This is a Price Action Analysis.
As you can see Iota react to the Buy Area (Key Level - Previously Resistance become a Support)
STOP LOSS 12.20
TAKE PROFIT AREA - DAILY FIBO LEVEL 0.38.
Risk Reward Ratio can be 4 times bigger.
Tap a LIKE if you think is a useful idea and comment below!
Please do your own research, and follow your trading plan with a properly Money Management.
As you can see Iota react to the Buy Area (Key Level - Previously Resistance become a Support)
STOP LOSS 12.20
TAKE PROFIT AREA - DAILY FIBO LEVEL 0.38.
Risk Reward Ratio can be 4 times bigger.
Tap a LIKE if you think is a useful idea and comment below!
Please do your own research, and follow your trading plan with a properly Money Management.
Comment:
Crypto Markets are having a whipsaw in price action, as any type of markets. Still valid the Supply Zone where 0.38 Fibo Level is.
Comment:
Guys the trade is still active with the Profit target around area 0.18 | 0.19 as indicated previously. I didn't move up the stop loss, because we are playing in a range. Stay tuned.
Comment:
Hey guys, partial profits were taken. Remember to update the stop loss in you advance.
Trade closed manually:
Guys I preferred close this trade with a great profit, price is moving slow. Stay tuned for the next analysis, thank you.