Previously, we delved into an analysis of the IOTA cryptocurrency, capitalizing on excellent profits from our strategic trades (source). Following an update to our analysis, we highlighted the significance of selecting buy orders within the price range of $0.2089 to $0.2354. By placing limit orders in this zone, we achieved an average entry price of $0.2226. Recently, we received a notification from the exchange marking the realization of our first take profit target ✅.
We’ve secured over 700% ROE or a clean 35% price movement, partially closing our position at the take profit level, while the rest awaits higher targets. It’s crucial to adjust our stop orders to break even or, ideally, set them at $0.2380 to safeguard our gains.
For those who didn’t join us initially, don’t fret. The momentum around IOTA is only strengthening, with promising prospects on the horizon. At the recent 13th Ministerial Conference in Abu Dhabi, hosted by the World Trade Organization (WTO), the IOTA Foundation confirmed new partnerships with influential organizations such as the World Economic Forum, the Tony Blair Institute for Global Change, and the Global Alliance for Trade Facilitation.
Their collective aim is to spearhead an innovative revolution in international trade by streamlining the flow of trade logistics information. Despite the conference concluding just yesterday, I discovered additional information on strategic alliances already formed with major Market Maker companies.
Such news undoubtedly leaves an impact, and I believe it will lead to a significant influx of funds into this asset over time. Considering IOTA as a long-term investment in your portfolio is wise, provided you manage risks cautiously. The asset accumulation zone could potentially extend down to $0.1922, offering a prudent investment strategy.