IOTXBTC
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.
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good luck and thank you for tuning in !!
DISCLAIMER:
The Legal stuff - I'm not financial adviser.
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
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good luck !!
DISCLAIMER:
The Legal stuff - I'm not financial adviser.