IOTA / TetherUSLong
IOTAUSDT - 4h-1D Long idea
Updated
💡💡SIGNAL 💡💡
IOTA / USDT
▶️ BUY NOW
🔴 SL - 0.1759
On 1D, a cup with a handle, and a green candle closed above the figure. The next stage is a retest, but we do not know the depth of the retest, it can reach the depth of the entire handle. When trading on 1D, the stop must be placed either behind the handle or for the entire figure, and this is 6-11%.
We switch to the lower timeframe (LTF) of 4h, two absorption are visible here. At the same time, the first absorption was with a confirming candle. These two absorption are a good signal to open an LTF deal.
The main disadvantage is that the absorption is being worked out much worse than the same head and shoulders or double bottom, but still it is a strong enough signal to open a deal on LTF.
But since the stop is slightly more than 1%, if it works, I will have a couple more attempts to find the entry point with minimal losses.
#IOTAUSDT_4h_040123
IOTA / USDT
▶️ BUY NOW
🔴 SL - 0.1759
On 1D, a cup with a handle, and a green candle closed above the figure. The next stage is a retest, but we do not know the depth of the retest, it can reach the depth of the entire handle. When trading on 1D, the stop must be placed either behind the handle or for the entire figure, and this is 6-11%.
We switch to the lower timeframe (LTF) of 4h, two absorption are visible here. At the same time, the first absorption was with a confirming candle. These two absorption are a good signal to open an LTF deal.
The main disadvantage is that the absorption is being worked out much worse than the same head and shoulders or double bottom, but still it is a strong enough signal to open a deal on LTF.
But since the stop is slightly more than 1%, if it works, I will have a couple more attempts to find the entry point with minimal losses.
#IOTAUSDT_4h_040123
Trade closed: stop reached
🔥STOP LOSS🔥IOTA / USDT
📛Loss: -1.24%
Unfortunately, the first entry on the LTF was unsuccessful. The trade did not go according to plan right away, that's why I asked to reduce the position near zero if it is large. As I wrote earlier, the absorption works 50/50, another thing is that it was at a strong level and I am waiting for an upward reversal. I will now look for an entry point for LTF at the next support level.
#IOTAUSDT_4h_040123
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🎯 Копи-трейдинг: bit.ly/CopyTradingMedium
Смотри в Telegram как читать сигналы!
Read the rules for using signals in the Telegram!
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