Now, we are waiting a signal confirmation in previous all time high for IOTA ~1.548 USD
For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.
We can use MACD+DI as an extra confirmation method and now we can see a green point (buy signal).
The is currently above 50. It is an indication of a market.
Buy: As explained above. ~ 1.55 - 1.56 USD
Take-profit: You are free to decide, but avoid greed. See the Fibonacci extensions provided in graph for reference.
Stop-loss: ~ 0.969 USD