$IOTA/USDT 1h (Binance Futures) Symmetrical triangle breakout
Internet Of Things Application just broke bullish locally and looks ready for a short-term recovery.
Current Price= 1.6038
Buy Entry = 1.5851 - 1.5273
Take Profit= 1.7113 | 1.8820 | 2.1243
Stop Loss= 1.4208
Risk/Reward= 1:1.15 | 1:2.41 | 1:4.2
Expected Profit= +19.94% | +41.88% | +73.02%
Possible Loss= -17.40%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
Current Price= 1.6038
Buy Entry = 1.5851 - 1.5273
Take Profit= 1.7113 | 1.8820 | 2.1243
Stop Loss= 1.4208
Risk/Reward= 1:1.15 | 1:2.41 | 1:4.2
Expected Profit= +19.94% | +41.88% | +73.02%
Possible Loss= -17.40%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days
Trade active
First entry filledInternet Of Things Application pulling back as expected, let's see if bounces up from here.
Trade closed: target reached
TP1 reached with +19.94% (2x) and +1.1.15RIOTA bounced on 50MA and regained 200MA as planned!
More up-trend continuation is likely, SL adjusted to 2nd entry (1.5273$) anyway.
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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.