SDRCS-FX

Setup for Long Opportunity @ IOTA

Long
SDRCS-FX Updated   
BITFINEX:IOTUSD   IOTA
Fresh Daily Demand Zone Setup for Long. Possible to see all time high after this "DIP".
Comment:
Market is moving towards the mentioned zone. According to the initial plan, EP 0.286 or 0.30, SL >0.268 or 0.238. Target new all time high.
Comment:
Foresee a small consolidation/ ranging at 0.32 level to trap more people in premature entry. Then will come to the box again.
Comment:
If price in H4 (current candlestick) close above 0.38263, then short term retracement is expected. If it plays around, then I am still waiting for 0.28-0.30 price level to be triggered. We'll see.
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