📈 Short-Term Trading Strategy for io.net ( $IO )

🔍 Market Overview

Current Price: ~$0.8669 USD

24H Performance: +13.14%

Volume: ~$40.9M

Trend: Bullish momentum with potential breakout​

⚙️ Strategy (15–30 Minute Chart)

✅ Entry Points

Breakout Entry: Enter if IO breaks and closes above $0.8678 with strong volume confirmation.

Pullback Entry: Consider entering near $0.8000 if the price retraces and forms a bullish reversal pattern.​

🎯 Profit Targets

TP1: $0.9000

TP2: $0.9500

TP3: $1.0000​

🛑 Stop-Loss Levels

Breakout SL: Below $0.8500

Pullback SL: Below $0.7800​

📊 Key Indicators

RSI: Approaching overbought territory, indicating strong buying momentum.

MACD: Bullish crossover observed, suggesting upward momentum.

Volume: Rising volume supports the strength of the current trend.​

⚠️ Risk Management Tips

Position Sizing: Risk no more than 1–2% of your trading capital on a single trade.

Risk-Reward Ratio: Aim for a minimum of 2:1 to ensure potential profits outweigh losses.

Market Conditions: Stay updated on news and events that might impact IO's price.​