#MyTradingStyle Is this an ascending triangle on IOTX?
Well, I’m not really sure what structure this is. But IOTX hasn’t gained much volume over the past few hours.
Notes: IOTX (mostly) have negative Funding Fee.
However, it's testing resistance at ~0.024 again, but MACD and RSI on the 4-hour are flashing bearish divergence.
Price hit a slightly higher peak, yet momentum indicators are weakening. While the overall trend is still bullish above the EMA200 (~0.0213) and rising trendline, these divergences suggest caution.
I'm waiting for either a strong breakout above 0.024 with expanding MACD histogram as bullish confirmation, or a rejection here signaling a potential pullback toward ~0.0222–0.0213 for another long entry. For now, I’ve secured a small profit because Bitcoin is still bleeding.