$IOTX is Testing a Make-or-Break level—A Decisive Move is Imminent
Market Trend
IOTX is hovering at critical support near $0.01750, with a tightening Bollinger Band squeeze signaling an imminent volatility expansion. Hidden bullish divergence on RSI suggests potential upside, but a break below $0.01740 could trigger further downside.
Trade Setup
📈 Long Setup:
Entry 1: $0.01755
Entry 2: $0.01770
Take Profit 1: $0.01790
Take Profit 2: $0.01820
Take Profit 3: $0.01850
Stop Loss: $0.01735
Why This Trade?
✅ BB Squeeze Alert: 30-day low bandwidth (0.00056) → 89% probability of volatility expansion
✅ Hidden Bullish Divergence: RSI(14) higher low while price made a lower low
✅ Liquidity Pool: $0.01740-$0.01760 strong volume node over 3 weeks
✅ Market Structure: Holding above 200-EMA on the 4H chart
Key Levels
🔹 Support 1: $0.01750 (Psychological level)
🔹 Support 2: $0.01735 (BB Baseline)
🔹 Resistance 1: $0.01776 (Today’s high)
🔹 Resistance 2: $0.01791 (Upper BB)
🔹 Resistance 3: $0.01825 (HTF pivot level)
Market Update for IoTeX
IOTX is down -0.90%, but key supports remain intact. The tight 0.45% trading range suggests institutional accumulation.
🚀 Bullish Scenario: A flip of $0.01770 into support could trigger an upward move.
⚠️ Bearish Scenario: A break below $0.01740 with volume could extend losses.
Pro Tip: Set alerts at $0.01770 and $0.01740—watch for volume confirmation before entering!
