As you can see on the 4h, after breaking down a channel several days ago IOTA started forming a symmetrical triangle which is about to end. This gives amazing return opportunities with minimal stop loss potential. My money is on a short, but it could go either way. If there is even a wiff of a dump on btc, I am pretty sure we can go to at least the mid .40s
You can also see at the 30m chart how firm this pattern is, here:
Will set up orders on both sides, see which one executes first. The chart has the short setup marked with a red arrow, and the long setup marked with a green arrow.
Always remember to set up your stop losses and good luck!
You can also see at the 30m chart how firm this pattern is, here:
Will set up orders on both sides, see which one executes first. The chart has the short setup marked with a red arrow, and the long setup marked with a green arrow.
Always remember to set up your stop losses and good luck!