Chart speaks for itself. Wanted to tell u guys fast.
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Target 2.83 or the suppot line of the red support line!
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Stop loss at 4.26 usd!
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Wellt he one thing that I will be important for this short is what the bitcoin price will do. If the bitcoin breaks out.
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Darko21 is right, in the past I posted some ideas about IOTA and they didn't worked out all the time. Good point and people should now about. First of all i'm not clear-sighted, I share my tradingideas based on Technical analyse and little on fundamentals. Last few times i'm bearish on IOTA and also on the whole cryptomarket but in the long term i'm really bullish on cryptomarket and especially IOTA. We faced an extremely pump on IOTA and the whole cryptomarket. With the upcomming bitcoin futures i'm bearish on the cryptomarket, till I get signals the markets are bullish again. And after that I will post more long trading ideas than short trading ideas.
For people interested here are my past trading ideas for IOTA:
Shorting IOTA. Stopped out with a small profit since the original call.
Shorting IOTA. Stopped out with a small loss!
Shorting IOTA from 3.04usd till 2.16. And long after till 3.90usd. All targets hitted!
Long on IOTA from 0.78 usd till 1.40 usd. All targets hitted!
Shorting IOTA from 0.87 usd to 0.68 usd. Target hitted!
For people interested here are my past trading ideas for IOTA:
Shorting IOTA. Stopped out with a small profit since the original call.
Shorting IOTA. Stopped out with a small loss!
Shorting IOTA from 3.04usd till 2.16. And long after till 3.90usd. All targets hitted!
Long on IOTA from 0.78 usd till 1.40 usd. All targets hitted!
Shorting IOTA from 0.87 usd to 0.68 usd. Target hitted!
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Trade stopped out. We're opening a long position target 4.90 usd. Bitcoin is breaking out.
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We stopped the long trade. We're out. Waiting for a good moment to go long or short.