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IOTA (MIOTA) – May 8 for BINANCE:IOTAUSD by readCrypto

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(IOTAUSD 1W chart)

We have to see if we can ascend above the important point of 2.49603989.

(1D chart)

It remains to be seen if it can climb along the uptrend line and rise above the 2.49603989 point.

If it falls, it remains to be seen if it gains support in the 1.71207698-1.91239677 range.

If it falls at 1.55251884, a Stop Loss is required to preserve profit and loss.

However, careful trading is necessary as it can gain support and climb in the 1.12689452-1.29319710 range.

On the CCI-RC indicator, it remains to be seen whether the CCI line can rise above the EMA line.

If the CCI line falls below 100 points, volatility may occur, so careful trading is necessary.

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(IOTABTC 1W chart)

We have to see if we can get support at the 3725 Satoshi point, which is an important point.

(1D chart)

3555 Satoshi-4221 You should watch for any movement that deviates from the Satoshi section.

In particular, it remains to be seen if it can gain support and ascend at the 3725 Satoshi point.

If it falls, we need to see if it can rise along the uptrend line.

2667 Satoshi-2889 If it falls in the Satoshi section, Stop Loss is required to preserve profit and loss.

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It is advisable to trade at your average unit price.

This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.

The center of every trade starts with the average unit price you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.

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** All indicators are lagging indicators.

So, it’s important to be aware that the indicator moves accordingly with the movement of price and volume .

Just for the sake of convenience, we are talking upside down for interpretation of the indicators.

** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)

** Check support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on the chart

R: A point or section of resistance that requires a response to preserve profits

S-L: Stop Loss point or section

S: A point or segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they do not trade 24 hours a day.

G1: Closing price when closed

G2: Cigar at the time of opening

(Example) Gap (G1-G2)

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