IOTA Has Upside Potential

After holding historical support at 7170 satoshi IOTBTC showed strength yesterday and that is a Long signal for me. I'll take my chances.

Let's not forget that we are in a Bear market and we have strong resistances to overcome. Here they are:

• 0.000010700
  
• 0.000012000
  
• 0.000012700
  

As usual, we have to stay humble. We can be wrong. So my initial Stop Loss will be at 7922 satoshi.

Yorum:

DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.

Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.