📈 $IOTX : Ascending Triangle Setup 🚀

$IOTX is trading at $0.04832, showing a +6.60% gain with a clear bullish pattern forming on the 4H chart. An ascending triangle structure signals growing buyer interest as price tests resistance near $0.05000. A breakout could lead to significant upward movement.

📊 Trade Signal

🔹 Trade Direction: LONG 📈

Entry Zone: $0.0480 - $0.0500

Take Profit (TP):

TP1: $0.0530 (Initial Resistance)

TP2: $0.0600 (Key Resistance Zone)

Stop Loss (SL): $0.0450 (Trendline Support)

💡 Why Take This Trade?

1️⃣ Bullish ascending triangle pattern suggests potential breakout.

2️⃣ Volume gradually increasing, indicating buyer momentum.

3️⃣ A break above $0.0500 could trigger a rally toward the $0.0600 zone.

🔒 Risk Management: Set stop-loss at trendline support and secure profits near resistance levels.

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