$IOTA is currently trading near the lower Bollinger Band at 0.1417.
This position may indicate potential for a price bounce if it holds above support at 0.1393.
Volatility appears to be contracting, suggesting a potential breakout or breakdown soon.
Key resistance is set at 0.1504, with significant movement expected around this level.
Consider placing a stop-loss slightly below 0.1393 to manage risk.
Recommended action: wait for confirmation of a bounce before entering a long position or set alerts for key levels.
