Trade Recommendation: IOTA

The trading idea is based on a price reversal form 3.00 support level confirmed by RSI. MACD histogram supports upward movement. We can place pending orders for buy at 3.70 level with stop orders below the support at 2.80 level. The main profit target is 5.00 resistance level. The 2nd profit target should be at 10.00 level. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.

Market: IOTUSD
Buy: 3.70
Stop: 2.80
Profit Targets: 5.00 and 10.00

The trading signal is based on Bitfinex chart.
Disclaimer: The analyst does not have investments in IOTA.

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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.