IoTeX ($IOTX) continues to show bullish strength on the 12-hour timeframe. With a key trigger line broken and a major bullish Change of Character (CH) confirmed, the structure suggests that upside movement is still on the table — if the demand zone holds.
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Breakout Confirmed: Trigger Line Breached ✅📈
The recent price action broke through the important trigger line, indicating a clear shift in sentiment. This breakout is backed by the formation of a bullish CH, often seen as the first step in a new trend continuation.
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Next Target: Flip Line in Sight 🎯
As long as the demand zone holds, we can expect price to approach the flip line, a key resistance-turned-support level that often acts as a confirmation point for bullish continuation.
However, traders should watch the invalidation level closely — a daily candle closing below this threshold would invalidate this bullish scenario.
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Smart Strategy: Risk Management First ⚠️
Please remember:
Do not enter any position without capital management
Always set proper stop-loss levels
Protect your capital first — profits will follow
This setup offers potential, but every move should be made with discipline and control.
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Final Thoughts: IOTX Holds Bullish Structure 🧠✨
✅ Trigger line broken
✅ Bullish CH confirmed
✅ Flip line target in sight
⚠️ Invalidation level is key
If structure holds, IoTeX may be heading for another bullish wave. Keep your eyes on the demand zone, and manage trades wisely.
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Trade safe. Trade smart. Trade Binance Square.
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