Eugen14

IOTA short idea

Short
BITFINEX:IOTUSD   IOTA / U.S. Dollar
According to the signal RSI - the price is in the oversold zone - this is a signal to sell. According to candlestick analysis, I noticed three consecutive "hung" - this is a signal to sell. The volume of trading is also decreasing.
In recent days, the price has grown well and I think that today there will be a correction.

for sale 0.77
target 0.69 and possibly 0.63
stop-loss 0.82
Comment: I meant overbought) sorry
Comment:
Trade closed: stop reached
Comment: in general, the model is true. Wrong time chosen for sale.
The first target was achieved.

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Comments

You meant overbought?
Reply
Eugen14 batrla
@batrla, Yes, it is true) I'm sorry, a typo
Reply
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