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.
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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.
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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.
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Hey guys, partial profits were taken. Remember to update the stop loss in you advance.
Trade closed manually
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Guys I preferred close this trade with a great profit, price is moving slow. Stay tuned for the next analysis, thank you.