Hi, today we are going to talk about IOST!
In the last three days, IOST, have faced an average devaluation of 31%, consuming the movement of the previous 100 days. So we have a bearish distortion, and soon the Bull is going to correct this furiously.
Thanks for reading, and have good trades
IOST soon has a path to take. As a perfectly symmetrical traingle pattern is forming. It is always a 50-50 chance. It may go up or down at the tipp of that triangle.
So far it has been a status quo on the market.
All I can say is keep an I on the charts and make an alert if possible, when price moves up or down at that tiping point and go into the position as...
If the price retraces, there is a potential good entry within the highlighted area in white.
Buy Range : 0.012056 - 0.011868
Potential gains around 10% or more if you trail profits.
TP range: 0.013428 - 0.013208
SL: 3% from your entry
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!