IOST formed a big Cypher | A low risk and high reward trade
Hi dear patrons, hope you are well and welcome to the new update on IOST coin.
On the weekly time frame chart, the price action of IOST has formed a big bullish Cypher, at the moment the priceline is moving at the very end of the buying zone. There are also 50 and 100 SMAs. The 50 SMA is in the buying one and 100 SMA is below this level.
Buy and sell targets:
Buy between: $0.0372 to $0.0225
Sell between: $0.0487 to $0.0765
Stop loss:
$0.0225 can be used as a stop loss. (look for the weekly closing)
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 240%, and the loss possibility is 40%, at the moment the priceline is moving at the very end of the buying zone therefore it is very low risk and high reward trade.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the weekly time frame chart, the price action of IOST has formed a big bullish Cypher, at the moment the priceline is moving at the very end of the buying zone. There are also 50 and 100 SMAs. The 50 SMA is in the buying one and 100 SMA is below this level.
Buy and sell targets:
Buy between: $0.0372 to $0.0225
Sell between: $0.0487 to $0.0765
Stop loss:
$0.0225 can be used as a stop loss. (look for the weekly closing)
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 240%, and the loss possibility is 40%, at the moment the priceline is moving at the very end of the buying zone therefore it is very low risk and high reward trade.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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