$AIOT Short setup: the new high got rejected, the inducement below is the target
Short setup
Entry: 0.14239
Stop level: 0.14781
Target: 0.13154
0.13154 is the bottom of that 26% pullback and price has not been back to it since. That break of 0.14221 was small (1.1%), a quick poke and a sell-off from 0.1438. Looks like a failed breakout to me. Entry 0.14239 is simply where price stands now. Stop 0.14781, target 0.13154, reward about 2R.
DYOR.
#AIOT #CryptoTrading #FuturesTrading
Short setup
Entry: 0.14239
Stop level: 0.14781
Target: 0.13154
0.13154 is the bottom of that 26% pullback and price has not been back to it since. That break of 0.14221 was small (1.1%), a quick poke and a sell-off from 0.1438. Looks like a failed breakout to me. Entry 0.14239 is simply where price stands now. Stop 0.14781, target 0.13154, reward about 2R.
DYOR.
#AIOT #CryptoTrading #FuturesTrading
