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Iotxbitcoin

I was right againHello guys Since my last post IOTX has dropped 17% as I expected, I've been so accurate these last days. xD What's next, so TA wise this was just a 1h oversold bounce rsi was 18 and there can be more downside to this. What's interesting is that we have a 4h bullish engulfing bar (10 min till close) what's making me think this is the bottom at this moment IF we hold 596 if not 550 is the level I'm looking to hold as support AND IF that doesn't 420 is the next level. what can we do in this situation? IMO we can start to scale in but with very small position size just to not get rekt if this drop further down and add more if it drops. The perfect play would have been if you had caught that faling knife around 600 range but that would be dangerous but very reward full. ps: if you want me to review a coin for you DM me, I'll see what I can do Don't forget to like, subscribe and share It doesn't cost you anything :) good luck and thank you for tuning in !! DISCLAIMER: The Legal stuff - I'm not financial adviser.
Long
by t80260
2
IOTX as of now bearish short term at leasthello guys We are still in a no trade zone for me personally. I took a a look at coinmarketcap to gain more info and got it. So at 420 sats 0.45% we broke out and then we consolidated for a few hours after that we broke out again and met resistance at 1170 that's the wick but closed at 932 range. if we can stay above 710 and go sideways for a while that will show some strength that the bulls may be have some power to take this higher again. What I expect is to break down and buy in cheaper at 550 if we get there of course. As of right now bearish if we can't hold 710 what I'm expecting not to hold. If we do great I'll happily buy the break out at 756. Don't forget to like, subscribe and share It doesn't cost you anything :) good luck and thank you for tuning in !! DISCLAIMER: The Legal stuff - I'm not financial adviser.
by t80260
IOTX/BTChello guys This is a new coin on binance. (EXTREMELY RISK-FULL) This is what I think can happen. As this is a low timeframe things can go bad very fast so don't forget to manage you risk the most important aspect to become a pro trader. If we can assume this was the 2nd wave down and we found support at the golden ratio we only can expect that the 3rd wave is in play. MY target is around 1300 sats and stop is a little below 850 (you can choose) R:R 10 Don't forget to like, subscribe and share It doesn't cost you anything :) good luck !! DISCLAIMER: The Legal stuff - I'm not financial adviser.
Long
by t80260
3