IOTA - Playing the Triangle Breakout
Compression in Iota forming a symmetrical(ish) triangle. Here'e how I'm playing it.
If we break support here, short.
If a green 4 hour ichi posts, go long with a stop below support
If we get a green 4 hour ichi rally, then a red 4 hour ichi posts, i will sell and reshort, with a stop above resistance
Rinse and repeat until we get a breakout.
If we break support here, short.
If a green 4 hour ichi posts, go long with a stop below support
If we get a green 4 hour ichi rally, then a red 4 hour ichi posts, i will sell and reshort, with a stop above resistance
Rinse and repeat until we get a breakout.
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