market update $IO on 🔥

#BTCNextMove #MarketCorrectionBuyOrHODL? #BinanceAlphaAlert

Trade Signal:

Given the current price action and market conditions, we can expect a possible short-term bearish trend, but there are also potential opportunities to enter for a short rebound or consolidation.

Entry Point: Consider entering around $2.95 - $2.99 if the price holds above the support at $2.675.

Stop-Loss: Place the stop-loss around $2.65 to minimize risk in case the bearish trend continues.

Target Levels:

1. Target 1: $3.10 – A small rally towards the previous consolidation zone before facing resistance.

2. Target 2: $3.30 – Intermediate level where price could face more selling pressure.

3. Target 3: $3.50 – Potential for a breakout, where the price could start regaining momentum after reaching this point.