šØ $IOTA /USDT ALERT: CRUCIAL LEVELS BEING TESTED! BIG MOVE INCOMING! šØ
The 15-minute chart for IOTA/USDT indicates a sharp downward momentum, with the price declining by 8.24% over the last 24 hours. After reaching a high of $0.5113, IOTA plunged and is currently trading at $0.4434, approaching key support levels. The chart reflects a bearish trend but shows potential for a reversal near oversold zones.
š” Key Levels to Watch š”
Support: $0.4396 ā A critical level to hold; breaking below could trigger further downside.
Resistance: $0.4623 ā A breakout above could signal bullish recovery.
Strong Resistance: $0.4886 ā Breaching this level would indicate a reversal in trend.
š Trade Setup:
Entry Price: $0.4434
Take-Profit Targets:
1. $0.4500
2. $0.4650
3. $0.4800
Stop Loss: $0.4350
ā ļø Cautionary Note:
The market remains volatile, and a break below $0.4396 may intensify bearish momentum toward $0.4200. Watch for increased volume near support levels to confirm a potential rebound or continuation of the downtrend.
