IOTA/USD medium-term long setup

[tradingew]

M60 time-frame setup for longs from 1.0320s towards target near 3.6900

Comments

[tradingew]

IOTA update and entries for long on an expanding range.
HOLD medium-term towards 3.6800s

The followings are used for risk management:

1. initial stop loss @ invalidation
2. scaling-in entries, and
   https://www.google.com/search?tbm=isch&source=hp&biw=1680&bih=957&ei=0XWfWojdGIj18QWmn4DYDw&q=scaling-in&oq=scaling-in&gs_l=img.3..35i39k1j0i30k1l9.1826.5413.0.7591.12.12.0.0.0.0.234.1191.6j2j2.10.0....0...1ac.1.64.img..2.10.1191.0..0.0._kHDGpKnNqc
3. appropriate position sizing.
   https://www.google.com/search?tbm=isch&source=hp&biw=1680&bih=957&ei=RHafWrzvM9fQ8wXg_KfoAQ&q=position+sizing&oq=position+sizing&gs_l=img.3..35i39k1j0i24k1l9.2238.7683.0.8323.17.17.0.0.0.0.234.1464.13j1j1.15.0....0...1ac.1.64.img..2.15.1461.0..0j0i30k1j0i5i30k1.0.K8brLlyQs3k

[tradingew]

IOTA H2 stopped out and revised wave count.
Setting up for medium-term longs from 0.9220s in about ......10 days time.