Iota is forming a decending (bottom flat) triangle, which indicates a further breakdown in price. Potential gains to be made from short and long positions, before breakdown occurs.
This is not financial advice, just a fellow trader offering his thoughts.
This is not financial advice, just a fellow trader offering his thoughts.
Bình luận:
at the moment bulls are fighting for their survival and might break the triangles resistance @0.32 level.
Giao dịch được đóng thủ công:
sometimes we lose, but the true question is how you manage your positions. That will determine in the long run, if we win or lose.
In this case bulls got the best of bears and broke out of the decending triangle.
Still took a decent 2% profit after seeing the signs of reversal.
Learning from these situations, makes us better traders.
In this case bulls got the best of bears and broke out of the decending triangle.
Still took a decent 2% profit after seeing the signs of reversal.
Learning from these situations, makes us better traders.
Bình luận:
we have most likely formed a channel instead of a triangle. same highs, same lows
Bình luận:
the channel is between 0.30 and 0.34 dollar level