$IOTX - 💡Professional Tip: Watch for a bullish engulfing candle or a sharp increase in trading volume above 0.0294 to confirm the strength of the breakout.
Ready for the next rise!
The price of $IOTX is slightly settling at its daily low after a strong upward trend, showing good accumulation with reduced selling pressure. Bulls are defending the 0.0285 area, indicating a potential breakout above the 0.030 level. With increasing momentum and stable trading volume, a rise seems likely if resistance is broken.
Key Levels
• Resistance: 0.0294
• Support: 0.0260
🔸Trading Settings
• Entry Zone: 0.0286 - 0.0289
• Stop Loss: 0.0278
Take Profit 1: 0.0300
Take Profit 2: 0.0315
Take Profit 3: 0.0332
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