IOTA
Long

IOTUSD: 4 hr RSI oversold

Aggiornato
Why we are entering this trade:
Higher low on RSI oversold region, acting as support.

Target:
horizontal line resistance

Would have liked to have:
Bullish divergence, but that is very rare on the 4 hour.
Nota
I forgot to add that this can be looked at as a 4hr DIVERGENCE, which is a very powerful signal. Because price is flat, while the RSI has a positive sloped support.
Nota
Guys im extremely sorry that i'm careless when drawing these risk reward ratio/targets. your stoploss should be set at 0.4685
Nota
bitcoin dumped, alts followed
Technical IndicatorsTrend Analysis

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