#follower this setup is still in for those who want to enter and scope a small profit. Move stop loss to .00255$ and TP .00136$ And the target stays the same. Happy trading guys and dont forget to #dyor
Why this setup? 4H chart is armed for a short. Daily trend is bearish, and the 15m RSI is oversold at 36.9, suggesting weak bounces. Entry zone is 1.4403 - 1.4672, targeting TP1 at 1.3730.
Debate: Is this oversold RSI a bear trap or the calm before the next leg down?
Yo @612 Ceros that level is a bouncing level i think rather. Thats the start of tge leg up of IOST day 1. Until a drop belw and a retest. Watch the weekly and tell me what you se
612 Ceros
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هابط
IOST is a ticking time bomb. 75% confident SHORT signal armed.
$IOST /USDT : 🟢 Risk 2/10 (SHORT)
🔥 Why this setup? Why short NOW? • 1D trend is BEARISH, giving the macro direction. • Price rejected at the 4H entry zone (0.001674). • RSI on lower timeframe (15m) is weak at 40.4, showing no bullish momentum to fight the trend. Targets: TP1 0.001649, TP2 0.001640.
Yo @612 Ceros its a resistance level. Thats the level where IOST started. Below that and a retest before we can actually confirm that bearish trend
612 Ceros
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--
هابط
IOST is a ticking time bomb. 75% confident SHORT signal armed.
$IOST /USDT : 🟢 Risk 2/10 (SHORT)
🔥 Why this setup? Why short NOW? • 1D trend is BEARISH, giving the macro direction. • Price rejected at the 4H entry zone (0.001674). • RSI on lower timeframe (15m) is weak at 40.4, showing no bullish momentum to fight the trend. Targets: TP1 0.001649, TP2 0.001640.
As per my analysis on the weekly and daily structure. The market is in a toght range right now and any trades place ve careful and do your 1) Volume analysis 2) trend analysis (short and long term) 3) RSI and momentum indicators
Dont jump blindly into any trade out there or follow any trending coin
Hello guys. Here’s a checklist I’m adopting for my trading plan. As always i say endeavour to do extensive research before jumping on any trade or signal you see out here. Dont forget a stop loss not to loose all your capital. There’s always another trade even it you missed an entry dont have the fear of missing out #Fomo . Be patient and wait for another entry. Happy trading. I will be guvung my insights on developing patterns soon. #dyor