IOTA IOTUSD
The last two trades this week on Iota longs have both used
the break below the speed line under the day's rally to
exit. It has worked quite well so far...the first from 3315 to
3712 and the second from 3315 again to an exit at 4100.
The next entry point here was on the break of the minor
downtrend at around the 3604 mark but missed it due to
chasing Bitcoin for a lot of yesterday. Not good. Anyway it
continues to grind higher. Still a good idea to run stops
under the trendline for the day, shown on chart, as exit for
longs, though. If it loses the line it should come back to
4044-4024 range where it should pick up support again.
Looks quite good though, overall
The last two trades this week on Iota longs have both used
the break below the speed line under the day's rally to
exit. It has worked quite well so far...the first from 3315 to
3712 and the second from 3315 again to an exit at 4100.
The next entry point here was on the break of the minor
downtrend at around the 3604 mark but missed it due to
chasing Bitcoin for a lot of yesterday. Not good. Anyway it
continues to grind higher. Still a good idea to run stops
under the trendline for the day, shown on chart, as exit for
longs, though. If it loses the line it should come back to
4044-4024 range where it should pick up support again.
Looks quite good though, overall