$IOST 1M | 415%%+ RR 33.2 - For the patient Swing Trader
Updated
This one is for fun.
Technically there's potential for 1400%+ return on this coin however the target on the chart is more realistic using VPVR and historic levels of strong sell pressure / distribution which is also clear when looking through the shorter time frames. That said most recent price action is key and how this coin would react to those levels must be closely followed if this coin does increase in value. For a trade with such strong RR you would only need a win rate of above 3%. The biggest key to success with coins like this is CUTTING LOSSES EARLY. First sign this trade is not going to plan cut the trade. This is ultimately bottom fishing which is hard to do but if the coin were to break below the suggested stop and form a new all time low you can simply be patient wait for side ways action and a new higher high on the daily, see that translate to the monthly and just make an entry there.
First major hurdle on the way up likely to be POC on VPVR.
Reason this coin stands out from the bunch is it's following the pattern of a lot of coins that have already broken out too and adding a very small position here could see a very nice return. Another alternative is to wait for a clear accumulation pattern on the shorter time frames.
Technically there's potential for 1400%+ return on this coin however the target on the chart is more realistic using VPVR and historic levels of strong sell pressure / distribution which is also clear when looking through the shorter time frames. That said most recent price action is key and how this coin would react to those levels must be closely followed if this coin does increase in value. For a trade with such strong RR you would only need a win rate of above 3%. The biggest key to success with coins like this is CUTTING LOSSES EARLY. First sign this trade is not going to plan cut the trade. This is ultimately bottom fishing which is hard to do but if the coin were to break below the suggested stop and form a new all time low you can simply be patient wait for side ways action and a new higher high on the daily, see that translate to the monthly and just make an entry there.
First major hurdle on the way up likely to be POC on VPVR.
Reason this coin stands out from the bunch is it's following the pattern of a lot of coins that have already broken out too and adding a very small position here could see a very nice return. Another alternative is to wait for a clear accumulation pattern on the shorter time frames.
Trade active
Trade active
Seen a 38% gain since entry. This is quite a slow moving trade as one would expect hence the original post saying it was for the patient trader.
We're now looking at a key level test for support and would ideally see a higher high on the daily to continue the trend before we see IOST move into strong resistance as denoted on VPVR
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