Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.08711).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. IOTXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 71
Take Profits:
TP1= @ 0.10152
TP2= @ 0.11208
TP3= @ 0.12098
TP4= @ 0.13187
TP5= @ 0.14484
SL= Break below S2
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Trade closed: target reached:
29.03% profit...
Total Profit: 29.03%
Closed trade(s): 29.03% Profit
Update Details:
Closed Profit:
TP1 @ 0.10152 touched at 03.31.2022 with 8.82% Profit.
TP2 @ 0.11208 touched at 03.31.2022 with 20.21%Profit.
8.82% + 20.21%= 29.03%
Total Profit: 29.03%
Closed trade(s): 29.03% Profit
Update Details:
Closed Profit:
TP1 @ 0.10152 touched at 03.31.2022 with 8.82% Profit.
TP2 @ 0.11208 touched at 03.31.2022 with 20.21%Profit.
8.82% + 20.21%= 29.03%