IOTA breaking long-term trendline
Context:
BTC continues to show strength. To be honest, I've been waiting at lower prices below 40K to open Longs. But this didn't happen.
BTC breaking 53K implies that 58K or even higher prices would be reached quite shortly.
IOTA set-up:
With the above reason, I openned a LONG position for IOTA with targets (blue lines) and invalidation condition (red line).
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
BTC continues to show strength. To be honest, I've been waiting at lower prices below 40K to open Longs. But this didn't happen.
BTC breaking 53K implies that 58K or even higher prices would be reached quite shortly.
IOTA set-up:
With the above reason, I openned a LONG position for IOTA with targets (blue lines) and invalidation condition (red line).
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Comment:
TP1 hit +30%
Comment:
+40%, on the way to TP2
Comment:
The EMA50D hold prices as a strong support. I expect a bounce the next days/weeks
Comment:
Update: SL to entry.
Reason: BTC under strong monthly resistance
Reason: BTC under strong monthly resistance