IOTA TOO FAST TOO FURIOUS
Updated
Hey there,
I have a small short trade here. IOTA is one of my favorite coins because of its volatility so I see this opportunity.
It has reached a resistance level at about .9$ as you can see from the chart
Game plan:
SHORT AREA 0.86 - 0.9 $
Stop Loss 1.0 $
Target .61 $
Profit Ratio 3:1
Time frame 1-2 days
Other support insight is that Bitcoin will hit about 8k and follow a correction toward 6200$, Iota will follow as it is really well connected to Bitcoin movements
I have a small short trade here. IOTA is one of my favorite coins because of its volatility so I see this opportunity.
It has reached a resistance level at about .9$ as you can see from the chart
Game plan:
SHORT AREA 0.86 - 0.9 $
Stop Loss 1.0 $
Target .61 $
Profit Ratio 3:1
Time frame 1-2 days
Other support insight is that Bitcoin will hit about 8k and follow a correction toward 6200$, Iota will follow as it is really well connected to Bitcoin movements
Trade closed manually
IOTA is forming a triangle that will probably go up. Close SHORT order .77$
Open BUY order .77$
Stop LOSS .75$
Taget: 1.15$
Trade closed: stop reached
Well, IOTA is in uptrend but corrected till .65$ Our initial idea might be right :)
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