๐ IO/USDT โ Reclaiming Momentum With a Vengeance
Current Price: $0.733
Timeframe: 4H
Change: +2.95%
Setup: Trend reversal attempt brewing after long bleed
๐ Technical Breakdown:
MA 7: $0.702 โ
MA 25: $0.689 โ
MA 99: $0.756 โ (still acting as resistance overhead)
Price has now broken above short- and mid-term moving averages โ a bullish reclaim. However, the MA99 is the final boss in this fight. That $0.75โ0.76 area is critical to flip for bulls to take control.
RSI likely climbing โ momentum building, but volume confirmation still weak.
Structure shows a rounded bottom forming โ classic base building.
๐ฏ Targets (If $0.75 Breaks):
Target 1: $0.78 โ Local horizontal resistance
Target 2: $0.83 โ Previous lower high from mid-June
Target 3: $0.90+ โ Full breakout zone into gap region
๐ก๏ธ Support Levels:
S1: $0.71 โ MA cluster (support-turned-resistance-turned-support)
S2: $0.68 โ Base of recent breakout candle
S3: $0.63 โ Higher low invalidation zone
โ ๏ธ Risk/Reward Outlook:
This is a high-RR trade opportunity if $0.75 gets cleared โ price could cascade higher quickly as prior resistance zones are thin. But if it gets rejected here and forms a lower high, prepare for another trip back to $0.68 or lower.
๐ง Final Take:
IO is standing at the edge of a breakout cliff. Watch $0.75 like a hawk. A clean close above with strong volume means bulls are not playing anymore.
Until then, it's a calculated risk โ not a blind moonshot.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Markets can be volatile โ always trade responsibly!
