Everyone's staring at the morning dip but $IOTX is coiled and ready to reclaim its daily high.
$IOTX - LONG
Entry: 0.0028 – 0.0032
SL: 0.0025
TP1: 0.0042
TP2: 0.0051
TP3: 0.0060
Why this setup?
* RSI on the 1H is 71, showing a strong bullish bias
* ATR is indicating a volatility squeeze on the 15m
* The 1D chart is showing a breakout above the $0.05 resistance level
* My read is that this breakout has the potential to flush out the bears and attract more bulls.
Debate: Are you fading this breakout or riding the potential wave to new highs?
$IOTX
$IOTX - LONG
Entry: 0.0028 – 0.0032
SL: 0.0025
TP1: 0.0042
TP2: 0.0051
TP3: 0.0060
Why this setup?
* RSI on the 1H is 71, showing a strong bullish bias
* ATR is indicating a volatility squeeze on the 15m
* The 1D chart is showing a breakout above the $0.05 resistance level
* My read is that this breakout has the potential to flush out the bears and attract more bulls.
Debate: Are you fading this breakout or riding the potential wave to new highs?
$IOTX