$IOTA/USDT 1h (Binance Futures) Symmetrical triangle breakout

9 Eyl 2021

Internet Of Things Application just broke bullish locally and looks ready for a short-term recovery.

Current Price= 1.6038
Buy Entry = 1.5851 - 1.5273
Take Profit= 1.7113 | 1.8820 | 2.1243
Stop Loss= 1.4208

Risk/Reward= 1:1.15 | 1:2.41 | 1:4.2
Expected Profit= +19.94% | +41.88% | +73.02%
Possible Loss= -17.40%

Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days

9 Eyl 2021

İşlem aktif

First entry filled

Internet Of Things Application pulling back as expected, let's see if bounces up from here.

10 Eyl 2021

İşlem kapandı: hedefe ulaştı

TP1 reached with +19.94% (2x) and +1.1.15R

IOTA bounced on 50MA and regained 200MA as planned!
More up-trend continuation is likely, SL adjusted to 2nd entry (1.5273$) anyway.