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VWuelfrath

IOTAUSD - Short

Short
IOTA (BITFINEX:IOTUSD)  
VWuelfrath Updated   
BITFINEX:IOTUSD   IOTA
Chart Patterns IOTA iotausd
6
3
chartpattern iota iotausd
IOTA got rejected at the 0.382 and then at the 0.236 Fib Level.

Time to short.

Stop loss above the red line.
Target between 0.85$ - 1.00$
Comment:
Just broke a really important support.

With BTC tanking I don't see how this trade can fail.

snapshot
Comment:
I would move this target down to 0.75$-0.60$
Comment:
Change of plan as BTC looks solid.

Probably a good idea to take profit here, BTC may see some important gains in the following weeks
Trade closed manually
Comment:
Jumped the gun a bit on this one
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