IOTA looks good after closing 1 day in the support zone, holding v well on the monthly support level, please be aware if it breaks the stop loss as it will be the last chance to jump out.. good luck!
targets in blue
entry within the green zone
Always manage your risk
R/R is good
Hello everybody
According to the chart you can see the the price is in correction-downward trend and we have 2 scenario that can be happen, one of them is we are made AB of elliott correction and now we are ready to making C of the correction ABC or another theory is we finish the ABC correction and we made wave 1 and we are in coorection 2 of the first wave ,...
IOTA broke up this triangle 📐 and I think there is chance for run to 2.38 and even higher. Just bought at 1.63.
ENTRY : below local high @ 1.663
SL : local low @ 1.47
TARGET : height of the triangle projected from midpoint of the local range (LOCAL HIGH - SL) @ 2.38
RRR : 4.6
INVALIDATION : when SL level hit
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