Trade to Maximize Profit with IOTX

Currently, IOTX is at 0.01959 USDT, if we expect it to rise to 0.05 USDT in 2 months, we need a reasonable strategy to maximize profit and reduce risk. Trading strategy :

1. Short term

🔹 Potential buying area:

0.018 - 0.02 USDT (strong support, price may bounce back). If the price drops deeply to 0.012 - 0.015 USDT, additional purchases may be made.

🔹 Profit-taking selling area:

0.025 USDT (first resistance, may take partial profits). 0.03 - 0.035 USDT (sell 30 - 50% of IOTX to reduce risk). 0.05 USDT (final target, close all or most orders).

🔹 Risk management:

Cut loss if it breaks 0.017 USDT (keeping orders below this level is high risk).

2. Long term :

A. Accumulation :

Divide capital into 3 - 5 parts and gradually buy according to price drops. If the price drops to 0.015 USDT, buy more to optimize the average price. Set profit-taking expectations at 0.05 USDT, corresponding to a profit of 150%.

B. Flexibility :

If the price reaches 0.03 - 0.035 USDT, can sell 30 - 50%. If it reaches 0.05 USDT, can sell all or keep a small amount in case the price increases significantly.

C. Risk :

Cut loss if the price drops below 0.015 USDT

3. Use leverage to increase profit (High risk)

🔹 Reasonable use of leverage:

Maximum leverage: x3 - x5, should not be too high to avoid account liquidation. Buy when the price is at 0.018 - 0.02 USDT, set stop-loss at 0.017 USDT. Take profit at 0.03 - 0.05 USDT, avoid holding orders too long.

🔹 Risks to pay attention to:

If the market goes against, there may be account liquidation. Should use low leverage to protect capital.

Note : The market is always volatile and has high risks. All content is for reference only and disclaims all responsibility.