RegideTrader

IOTA Trading strategy

Long
RegideTrader Updated   
BITFINEX:IOTUSD   IOTA
IOTA performed great over the last weeks, and buy interest is increasing. Atm forming a tight consolidation near the .768 of the retracement. break of this lvl is difficult because it will mean bullish continuation. However the breakout of this inside bar formation can give enough volatility to do so. Buy if it breaks the red pattern. If it breaks below place buy order near the trendline. A lot of buy support will be there.
Target for the first move is the 1 extension (1.62$), we will likely pull back and probably continue with the bull run. In case shit hits the fan, stop orders can be placed below the upwards trending line at around 1.25$.

GL
Comment:
continuation

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.