According to the #IOTA /USDT chart on the 6H timeframe, we see the formation of a bottom with a possible reversal. The asset has already held the $0.20 zone twice, and is currently trading in a narrowing range (closer to the lower boundary of the Ichimoku cloud).

📉 Current situation:

RSI: 44.39 — no overbought condition, growth potential.

Price is above the Ichimoku cloud (thinly), but near the lower boundary.

Volume is above average during local bounces.

MACD is on the verge of crossing upwards.

Main interest of buyers in the range of $0.196–$0.205, from where impulses originated.

🟡 Main scenario: long from support in anticipation of a breakout of the cloud

🎯 Entry:

Buy zone: $0.204–$0.207

(closer to MA25/99, lower boundary of the cloud, 0.382 from the last move)

🛡 Stop-loss:

SL: $0.196

(below the 0.5 Fibonacci level and key zone, exit below the cloud)

🎯 Targets:

TP1: $0.229 (local peak, upper boundary of the cloud)

TP2: $0.241 (0 level on Fib)

TP3: $0.264 (Fibo -0.27)

TP4: $0.295 (Fibo -0.62)

⚠ Confirmation:

MACD crossing upwards

Holding the candle above $0.204 with volume

RSI above 50