Hey guys!
We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range.
Bullish scenario would play like this:
First target: 0.019 then we'll TP
For this to happen I'd like to see some sort of pattern like a double bottom or IH&S.
Bearish scenario would go like this:
Target open because it would be creating new all time lower lows we'd be then moving stop loss to entry as soon as in profits. But the trigger would be a close below: 0.015
I'm rooting for the bullish scenario as I'm a very hopeful person but we take what the market gives and be open to both scenarios always! Manage risk accordingly and never be biased.
Happy trading!
Kina 😶🌫️
We'll start monitoring the possible reversal for IOTX and I'm going to be straightforward: for this asset to start saying it's bullish we need to see a break above and close over 0.024 meanwhile we are trading in the range.
Bullish scenario would play like this:
First target: 0.019 then we'll TP
For this to happen I'd like to see some sort of pattern like a double bottom or IH&S.
Bearish scenario would go like this:
Target open because it would be creating new all time lower lows we'd be then moving stop loss to entry as soon as in profits. But the trigger would be a close below: 0.015
I'm rooting for the bullish scenario as I'm a very hopeful person but we take what the market gives and be open to both scenarios always! Manage risk accordingly and never be biased.
Happy trading!
Kina 😶🌫️
Trade fechado: objetivo atingido
GG awesome reversal spot here!
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.