IOTA Bearish Head and Shoulders pattern
A Conservative target for this short would be around $0.85.
The risk:reward ratio is 2:1 which is solid but the stop loss is 18% away, so its probably only a good idea to use a maximum of 25% of your total capital on this trade to cap your loss at around 5%.
Let me know your thoughts!
The risk:reward ratio is 2:1 which is solid but the stop loss is 18% away, so its probably only a good idea to use a maximum of 25% of your total capital on this trade to cap your loss at around 5%.
Let me know your thoughts!