Scary for all the bag holders, so many people hold these things until the death of the coin. I suggest you stop right now with IOTA.
It's in limbo no support for another 10% down in a clear trend, so pack it in offload it and buy it lower.
Is there a risk in selling and it taking off the next day? In this case only if they reached out and made massive announcement still then you would only see a pump.
The next bottom is .786 fib where the black line is this support should hold, i would still buy after we have a bounce. It may consolidate here for a while so then don't buy until you can see a positive divergence I will update this thread when needed for this.
By selling now and buying lower here is 10-12% in savings, this is a short trade all day long.
Quick lesson below, if you see lower highs and lower lows it spells out downward trend so you could see the change in trend on very first lower high. Meaning you could of sold at the first lower high which is first purple circle at top. Would of saved loads of heartache.
Don't worry about selling at a loss if you have to at times if you buy something for $2 and sell it at $1 your technically not at a loss (well your position isn't) until whatever you sold goes back over $1.... as you can buy it back at $1 later on and let it take you back to $2 but don't let it take you to .50 cents. Some people say I don't want to lose on this trade i am going to hold through it... what exactly are you holding through more losses? Sell make money else where and come back and buy the coin back cheaper. If you own 1000 IOTA sell now and buy back at my target and you will own 1100 IOTA yes that's right 100 IOTA free, gift for you.
Cash Is King! Sell this and join one of our trades that are making cash, don't watch grass grow and your money go down!
For those of you looking for an entry we don't have confirmation of the break out yet. But we have seen a nice bounce.
Always repeat a set up if it comes around again as it was a nice profit on this trade.
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