without_worries

IRISnet (IRIS) - Bull flag breakout

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without_worries 已更新   
BINANCE:IRISUSDT   IRIS / TetherUS
On the above 4-day chart price action has corrected 60%. A few reasons now exist to consider a long position. They include:

1) Price action and RSI resistance breakouts.

2) Price action finds buyers at the Fibonacci 0.236

3) Price action prints support on past resistance. Look left.

4) The bull flag breakout. The flagpole measure a 200% move from the breakout point.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: Trade
Risk: <6%
Timeframe for long: Yesterday
Return: 200%
交易开始

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

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Allow 3-6 months on ideas. Not investment advice. DYOR
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