Updated
IOST price discovery gaps.
IOST has gaps in price discovery from about 780 to 700, and from about 609 to the current price.
IOST is currently a fairly high volume coin, it has several contacts on the support at 780, with sizable bounces off of it, before bleeding out and breaking below this support.
it is a slower drop, so it is not as likely to retest this support, but a similar pattern happened with BCG a few days ago, where it bled about 60% under a strong support, before violently correcting to the support level.
i am buying, i plan to sell some at about 609, and save the rest to either break even on, or to sell at about 720-770 for a larger profit.
IOST is currently a fairly high volume coin, it has several contacts on the support at 780, with sizable bounces off of it, before bleeding out and breaking below this support.
it is a slower drop, so it is not as likely to retest this support, but a similar pattern happened with BCG a few days ago, where it bled about 60% under a strong support, before violently correcting to the support level.
i am buying, i plan to sell some at about 609, and save the rest to either break even on, or to sell at about 720-770 for a larger profit.
Note
Looking good so far, break out towards 600, lets see what happensNote
it has prettymuch just hit my first target now.
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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.