IOTAUSDT.P trade ideas
💡 Don't miss the great buy opportunity in IOTAUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.401). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. IOTAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 1.5730
TP2= @ 1.6660
TP3= @ 1.7470
TP4= @ 1.9650
TP5= @ 2.2070
SL= Break below S2
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IOTA/USDT Head & Shoulder Formation- IOTA/USDT after a good rally, now at the top its forming Head & Shoulder pattern.
- This kind of pattern is normally formed on the TOP of the market after a rally.
- Wait for the Price Action when it touches the NeckLine of the pattern.
- Breakdown with volume will confirm that the down move or correction started.
Target for downside = Height of Head
