Chibuike_Odoh

IOSTUSDT - Weekly analysis

Long
BINANCE:IOSTUSDT   IOST / TetherUS
IOSTUSDT is printing the inverse head and shoulders trend reversal pattern on the weekly timeframe .
Buy entry ⬆️ - breakout above the inverse head and shoulders neckline resistance.
Target 🎯 - Resistance level .
Setup invalidation ❌ - breakdown below the inverse shoulder support.

Comments

Hi, thanks for your charts . I have a question , with your price target and set up invalidation the R/R is very poor , what do you think about that? Best regards
Reply
Chibuike_Odoh Franchino23
@Franchino23 Your setup invalidation isn't really your stop loss. It just means the setup isn't valid anymore.
Your stop loss can be much closer for a better R/R
Reply
Franchino23 Chibuike_Odoh
@Chibuike_Odoh, ok thank you
Reply
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