IOTA/USDT Potential Downward Movement 🔨🔨🔨

25 בפבר׳ 2021

Technical Analysis :
On the 1-hr time frame the price found liquidity around the 1.3000 level where the sellers jumped in and smashed the buyers and pushed the price downward. Now, we have wedge formation where the price broke out of the pattern to the downside, and it might cause a further move to the downside toward the 0.9872 mark.
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Trade Idea:

Sell Stop Order @ 1.1650
Take Profit @ 0.9872
Stop Loss @ 1.2541

Trade Safely 🙂