Who got $IOTX ??? let's buy/sell it according to the buy/sell zones mentioned here.
IOTX/USDT Trade Plan
*Market Analysis:*
The current price of IOTX/USDT is 0.01906 USDT, with a volume of 48.01M . The timeframe for this analysis is 1 day.
*Indicator Analysis:*
- *RSI:* (Overbought) - The RSI is in the overbought zone, indicating that the market may be due for a correction.
- *MACD:* (Bullish) - The MACD is showing a bullish signal, indicating that the market is in an uptrend.
*Trade Analysis:*
- *Market Trend:* Bullish
- *Resistance Level:* 0.0220-0.0240 USDT
- *Support Level:* 0.0150-0.0170 USDT
*Trade Plan:*
- *Buy Zone:* 0.0170-0.0190 USDT
- *Entry Zone:* 0.0180-0.0185 USDT
- *Target:* 0.0220 USDT
- *Stop Loss:* 0.0140 USDT
- *Limit:* 0.0240 USDT
*Risk Management:*
- *Position Sizing:* 100 USDT (Minimum investment)
- *Leverage:* 1x (No leverage for new traders)
- *Order Type:* Limit Order
*Prediction:*
Based on the indicators, the trend is bullish. However, the RSI is in the overbought zone, indicating a potential correction. We can expect the price to continue its upward movement, but with caution.
*Step-by-Step Instructions for New Traders:*
1. Log in to your exchange account (e.g., Binance, ).
2. Click here $IOTX or click on the chart to start trade
3. Click buy and set a Limit Order to buy IOTX at 0.0180-0.0185 USDT (within the buy zone).
4. Set a Stop Loss at 0.0140 USDT.
5. Set a Take Profit at 0.0220 USDT.
6. Confirm your order.
*Profit Calculation:*
If you invest 100 USDT and buy IOTX at 0.0183 USDT, your position size would be:
100 USDT / 0.0183 USDT = approximately 5,464.71 IOTX tokens
If the price rises to 0.0220 USDT, you can sell the IOTX tokens and close the position:
5,464.71 IOTX tokens * 0.0220 USDT = approximately 120.23 USDT
Your profit would be:
120.23 USDT (closing position) - 100 USDT (initial investment) = approximately 20.23 USDT