llywellyn

$IOST - Long Opportunity

Long
BINANCE:IOSTBTC   IOST / Bitcoin
$IOST was listed yesterday on Binance. It had a nice pump & has been consolidating for the last half day or so. The pattern looks strong & RSI broke the down trend. I like this as a coin to snag & hold for a few weeks for a bigger pump. Targets are my initial fib targets where I'll take some profits to average down. Seeing as this coin is new & establishing its price, it does have the potential to move to lower levels so invest responsibly. The fundamentals also look good here - strong backers like Sequoia Capital.
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