Lorenz_Capital

IOTA - Critial Decision Time

Long
BITFINEX:IOTUSD   IOTA
Interesting spot for IOTA - I like a long trade set-up here with a 14% downside stop loss, which would be a break of this trend-line, and BTC breaking $6,200 support. Alternatively, an upside break-out towards the point of control on the volume profile indicator, which could yield a ~70% return in a short amount of time. I like the risk reward on this long trade.

Hit thumbs up, and best of luck.

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