After a few days of consolidating and slow bleeding,
IOTUSD
charges up again making multiple small pumps. I am looking to follow this up trend.
This is a short term trade, trade with discretion.
I am looking for Entry as price bounces from the downward support trend line at around the 0.618 fib retracement level ($4.0666), look for RSI bouncing off the 50 line for additional confirmation.
Stop Loss just below and Take Profit around $5 based on fib extension and previous resistance level.
-Kane
IOTUSD
charges up again making multiple small pumps. I am looking to follow this up trend. This is a short term trade, trade with discretion.
I am looking for Entry as price bounces from the downward support trend line at around the 0.618 fib retracement level ($4.0666), look for RSI bouncing off the 50 line for additional confirmation.
Stop Loss just below and Take Profit around $5 based on fib extension and previous resistance level.
-Kane
Comment:
Price broke out above the resistance downtrend, very bullish green candle on the 15 minute chart, currently testing previous resistance at 4.29.
Trade closed: stop reached:
Entire market took a giant swing downward, stop loss reached.
Comment:
Looking to buy back around $3.9 - $4 area.