Yo shaggerz,
IOTUSD recently mooned. Nothing convincing here tho.
Few hints :
- RSI really overbought, but meh this is crypto...
- STOCHRSI over extend
- 0.629 level unbroken yet
- No fundamentals to back the moonshot, this "bottom" bounce might be a trap.
Invalidant factors :
- Solid break of 0.63USD then 0.67USD
- Volume increase + breakout of downtrend line
- Longs moons :
Anyway for now :
SELL : 0.615
BUY 1 : 0.5USD
BUY 2 : 0.4USD
BUY 3 : 0.33USD (Yolo !!)
STOP : Above 0.65USD
This is just an idea, you are responsible of your actions. If you don't agree, please provide technical arguments, and don't cry like stupid fanboys
NOT TRADING ADVICE
IOTUSD recently mooned. Nothing convincing here tho.
Few hints :
- RSI really overbought, but meh this is crypto...
- STOCHRSI over extend
- 0.629 level unbroken yet
- No fundamentals to back the moonshot, this "bottom" bounce might be a trap.
Invalidant factors :
- Solid break of 0.63USD then 0.67USD
- Volume increase + breakout of downtrend line
- Longs moons :
Anyway for now :
SELL : 0.615
BUY 1 : 0.5USD
BUY 2 : 0.4USD
BUY 3 : 0.33USD (Yolo !!)
STOP : Above 0.65USD
This is just an idea, you are responsible of your actions. If you don't agree, please provide technical arguments, and don't cry like stupid fanboys
NOT TRADING ADVICE
Trade active
Ok let the shaggfest commence : Daily StochRSI is overextended, I guess that small move up was just IOTA taking a breath before deep diving again.
Let's see!
Trade closed: stop reached
:'(
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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.