IOTA becoming a man or staying a boy? 2 short term trading ideas
We are seeing good news (chinese partnerships) for IOTA so expect a bullish trend to emerge in the coming days. If this is the case we could see a run up to 0.000377 levels. set buy order from 0.000245 level.
However, if the 0.5 level is not reached and IOTA goes downwards it could go really fast. Once the 0.0002 resistance is broken ( therefore 1/4 Gann Fan is broken AND the fib 0.382 we could see massive plunge to 0.00014. So there is also a good moment for going short.
to sum up:
buy order (long): 0.000245
target: 0.000377
sell order (short) : 0.0002
target: 0.00014
Use capital management. Feedback appreciated
However, if the 0.5 level is not reached and IOTA goes downwards it could go really fast. Once the 0.0002 resistance is broken ( therefore 1/4 Gann Fan is broken AND the fib 0.382 we could see massive plunge to 0.00014. So there is also a good moment for going short.
to sum up:
buy order (long): 0.000245
target: 0.000377
sell order (short) : 0.0002
target: 0.00014
Use capital management. Feedback appreciated