Entry: 2257 sat Stop loss: 2208 sat Take profit: 2441 sat Expected call duration: 4-16 hours Call strength: medium Call risk: low-medium
Brief Summary: IOTA approached the first standard deviation of the 4H 50 Bollinger Band, but its entry was denied. A second retest and the entry itself is likely, as the price met a significant bottom pivot and a retrace is inbound. The target is the 0.382 Fibonacci Retracement, or the 4H 50 SMA. The signal is also supported by a bounce from the daily 200 lower Bollinger Band, which acts as a support in compression. Proper stop losses should be set. Small loss, small loss, BIG WIN - remember the strategy.
Commodity Channel Index, custom volatility indicators and Bollinger Bands and their derivatives were used in the technical analysis. This is not a financial advice and you agree to take 100% responsibility.
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