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IOTA
Long

Setup for Long Opportunity @ IOTA

By SDRCS-FX
Updated
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.
Chart Patterns
SDRCS-FX

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