$IOTA/USDT 1D (Binance Futures) Falling wedge breakout & retest
Internet Of Things Application is pulling back to demand zone, retesting 50MA support, seems like a nice place to start a swing!
As its name stands, this is an IoT project also available of BSC, more information on www.iota.org
Current Price= 1.3333
Buy Entry = 1.3424 - 1.2540
Take Profit= 1.6873 | 2.2630 | 2.7920
Stop Loss= 1.0753
Risk/Reward= 1:1.75 | 1:4.33| 1:6.7
Expected Profit= +29.97% | +74.32% | +115.07%
Possible Loss= -17.17%
Fib. Retracement= 0.702| 1.117 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 3.5 months
As its name stands, this is an IoT project also available of BSC, more information on www.iota.org
Current Price= 1.3333
Buy Entry = 1.3424 - 1.2540
Take Profit= 1.6873 | 2.2630 | 2.7920
Stop Loss= 1.0753
Risk/Reward= 1:1.75 | 1:4.33| 1:6.7
Expected Profit= +29.97% | +74.32% | +115.07%
Possible Loss= -17.17%
Fib. Retracement= 0.702| 1.117 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 3.5 months
交易开始:
All entries filled
IOTA bounced on 200MA surviving the correction and is now heading back up, way to go!
IOTA bounced on 200MA surviving the correction and is now heading back up, way to go!
评论:
Deeper analysis
As you may know, we mostly use logarithmic scale to chart and trace Fibonacci levels, but sometimes linear scale can also help confirming a view.
We can see that the falling wedge was clearly retested twice and bullish continuation is in play now!
As you may know, we mostly use logarithmic scale to chart and trace Fibonacci levels, but sometimes linear scale can also help confirming a view.
We can see that the falling wedge was clearly retested twice and bullish continuation is in play now!
交易结束：到达止损:
SL hit with -17.17% (1x) and -1R
After almost reaching first target with up to +28.38%, IOTA decided to retrace down big time, not cool.
After almost reaching first target with up to +28.38%, IOTA decided to retrace down big time, not cool.
IOTA is pushing higher again, let's see if we can reach some target soon!