Long on $IOST: 4h breakout accompanied by a lot of new futures positions.
Open interest rose 254% in 24 hours.
Entry at 0.0009647.
Initial stop at 0.0008877 (−8.0%). No TP: I use a trailing stop—the stop moves up with the high, and the trade closes when the price falls back to it. If it hasn’t hit the stop in 7 days, I close the trade anyway.
Many trades don’t work out, so I risk very little on each one.
This is not financial advice. Do your own research and adjust your risk.
$IOST #trading #crypto
Open interest rose 254% in 24 hours.
Entry at 0.0009647.
Initial stop at 0.0008877 (−8.0%). No TP: I use a trailing stop—the stop moves up with the high, and the trade closes when the price falls back to it. If it hasn’t hit the stop in 7 days, I close the trade anyway.
Many trades don’t work out, so I risk very little on each one.
This is not financial advice. Do your own research and adjust your risk.
$IOST #trading #crypto