$IOTX /USDT-Neutral to Bullish :(
Current Price: $0.2103
Support Levels: $0.198–$0.200
Resistance Levels: $0.217–$0.220
IOTA has shown a neutral to bullish trend, with recent price action fluctuating between support at $0.198 and resistance at $0.220. The market remains cautious, with potential for upward movement if resistance levels are broken.
📊 Fibonacci Levels: 61.8% Retracement Tested
Key Level: $0.217
Potential Target: $0.240
IOTA is testing the 61.8% Fibonacci retracement level at $0.217. A successful breakout above this level could lead to a target of $0.240, aligning with previous resistance zones.
📉 RSI: Overbought (Aug 16, 2025)
Current RSI: 73.67
Interpretation: Overbought conditions indicate potential for a price pullback
The Relative Strength Index (RSI) is currently at 73.67, suggesting that IOTA may be overbought. Traders should be cautious of a potential price correction.
🎯 Entry Zones
Safer Entry: Wait for a confirmed breakout above $0.220
Aggressive Entry: Consider entering near support at $0.198–$0.200 with a tight stop-loss
A safer approach involves waiting for a breakout above resistance levels, while an aggressive strategy may involve entering near support zones with appropriate risk management.
💰 Take-Profit Zones
TP1: $0.217
TP2: $0.240
Setting take-profit targets at $0.217 and $0.240 aligns with recent resistance levels.
🚫 Stop-Loss Ideas
Conservative SL: Place below $0.190
Tight SL: Set just under $0.198
A conservative stop-loss below $0.190 provides a wider margin, while a tighter stop-loss just under $0.198 offers less risk exposure.
