IOTA ascending triangle again
Updated
IOTA setup looking quite promising. things are a bit shaky at the moment with BTC doing a slight correction, but we've seen IOTA hold up pretty well despite this over the last few days.
Anyway TP just on the FIB at 1.67. SL at the last low from several days ago at 1.2763
Entered at the bottom of this ascending triangle.
Anyway TP just on the FIB at 1.67. SL at the last low from several days ago at 1.2763
Entered at the bottom of this ascending triangle.
Note
Still holding this trade as SL not hit. Ascending triangle didn't have the volume to carry it unfortunately - and bitcoin dumped causing a cross-market drop in most things except some DeFi projects. But on the 4H Iota jumped very aggressively as you can see at the 1.31 level. Which is why I put the stop loss so low, expecting if it did it should return. The buying pressure is there. So I am holding this trade - the TP may be a bit ambitious now however - so I will consider lowering thie TP to the original resistance line at around 1.55, if it can't breach it I'll TP there. If it can, I'll consider original TPNote
This is holding beautifully on the Daily Open, strong support now. Happy to keep trade going. I'll sell 50% at 1.55 and move SL up to entry and the rest at original TP if it makes it thereTrade closed manually
Not looking good, H&S potentially on LTF, exiting to avoid SL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.