FieryTrading

🔥 ID Potentially One Of The Best Trades Of The Year

Long
BINANCE:IDUSDT   ID / TetherUS
I've been following ID for a while now, with my previous analysis below. No entry was made before, but this time we will.


ID has currently broken through a 3 month bearish resistance, which can potentially trigger a huge influx of both buyers and shorts that will close their positions, both very bullish.

For the best risk-reward I'm looking at a 1$ target, stop just below the resistance. A more conservative bet would be to take (partial) profits at 0.50$, or put the stop around 0.245$.

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