IOSTUSDT 12H broken ascending short setup
TA explained
The price of IOST vs USDT broke out of an ascending wedge. After a retest of the wedge it is moving further down. First target would be the support zone of the March dump. When hitting this target it is advised to move SL to entry.
IOSTBTC has some more room for pullback/correction so there is some time for this move to play out.
Trade setup
Best entries: 0.004900 - 0.004865
TP1: 0.004395
TP2: 0.004024
TP3: 0.003785
SL: 0.005225
RR: 3.04
Max leverage: 4x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
The price of IOST vs USDT broke out of an ascending wedge. After a retest of the wedge it is moving further down. First target would be the support zone of the March dump. When hitting this target it is advised to move SL to entry.
IOSTBTC has some more room for pullback/correction so there is some time for this move to play out.
Trade setup
Best entries: 0.004900 - 0.004865
TP1: 0.004395
TP2: 0.004024
TP3: 0.003785
SL: 0.005225
RR: 3.04
Max leverage: 4x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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