IOST - Example how bullish news can trap you 🪤

2022年5月6日

IOST announced creation of their own stablecoin, hence, everyone decided to long, we can see it by volume at top.
Right now a lot of people are trapped and can be liquidated, that's why I plan to take short

From technical point of view:

⭐️ BTC bearish
⭐️ Level is seen on all timeframes
⭐️ Volume is at top
⭐️ 6th touch
⭐️ Level is 52 days old
⭐️ 35 ATR
⭐️ Under VWAP


Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.


Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum

What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊

P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones