Analysis and Recommendation
$IO /USDT - Buy Trade Setup - Strong Bullish Breakout 💯 🔥
Current Price: 0.704
Market Structure: The price of IO has surged sharply from its low of 0.587, surpassing the last resistance level, and touching the level of 0.708 with strong bullish candles and increasing trading volume, confirming the continuation of buying strength.
Entry Level:
Enter a buy trade between 0.698 and 0.704 on a slight pullback.
Stop Loss:
Set the stop loss below 0.680 to protect against any quick reversal.
Target Points:
• First Profit Target: 0.715
• Second Profit Target: 0.728
• Third Profit Target: 0.745
Trading Analysis:
The stock is experiencing strong bullish momentum, having maintained its higher lows and easily breaking through resistance levels. A consolidation above the 0.690 level could support the next upward wave towards the $0.728 to $0.745 range.