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 ๐ถโ๐ซ๏ธ
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 ๐ถโ๐ซ๏ธ
ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
GG awesome reversal spot here!
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