$IOTA long
Entry 0.05882
Stop level 0.05658
TP 0.0633
IOTA added around 24% in 4 days, enough of a leg to be worth trading the retrace of. Price broke above the old high after a 30% pullback, leaving a fresh inducement around 0.05865. The wick through 0.05865 cleared the liquidity resting below, then a candle body closed back above it. I don't enter on the wick, I wait for that close. Aiming for 0.0633 and risking 0.05658. The math works out to 1:2 from 0.05882.
Entry 0.05882
Stop level 0.05658
TP 0.0633
IOTA added around 24% in 4 days, enough of a leg to be worth trading the retrace of. Price broke above the old high after a 30% pullback, leaving a fresh inducement around 0.05865. The wick through 0.05865 cleared the liquidity resting below, then a candle body closed back above it. I don't enter on the wick, I wait for that close. Aiming for 0.0633 and risking 0.05658. The math works out to 1:2 from 0.05882.
