Hello to all dear traders, I hope you always hunt for big profits.
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need...
Time Frame :1D
After brief price correction,the entry price1 | entry price2 | Stoploss | Profit are specified in the chart!
RR : 2.5
Divergence in RSI
!! This is a personal opinion only and should not be the basis for a decision !!
IOST has been trading bearish for over three months now. However, IOST has seen a massive bounce from the bottom support of the triangle pattern.
My take is that IOST will see a renewed bullish push for several weeks towards the top resistance of the triangle.
we can see that IOST have ascending triangle pattern right now, so it could be a good opportunity for shorting. You can try to short only if price crossing down pattern red support line. Make shore that BTC also going down. This is day trading strategy, not for the long term.