๐$IO /USDT Trade Setup Update and Best Trading Strategy Plan ๐งโ๐ซ ๐ ๐
Current Price: $0.772 ๐ป (-8.20%)
Timeframe: 1H & 4H
Trend Sentiment: Short-Term Reversal Attempt
๐ Chart Observations:๐
After a heavy downtrend, $IO has formed a small reversal candle on both 1H and 4H.
Price is reclaiming the support zone near $0.750, and testing MA resistance around $0.780โ0.790.
MACD histogram is flattening with a potential bullish crossover brewing.
RSI: 40โ44 range, showing weak but recovering strength.
๐ Key Levels:๐
Resistance: $0.780 โ $0.795
Support: $0.749 โ $0.735
MA/EMA Barrier: $0.809 (50 EMA on 1H)
๐ Trade Strategy Plan:๐จโ๐ซ
๐น Bullish Setup (Only on breakout above $0.780):๐ฅ
Entry: $0.782 โ $0.790
Targets:
๐ฏ TP1: $0.805
๐ฏ TP2: $0.826
๐ฏ TP3: $0.845 (24H High)
SL: $0.749
๐น Bearish Rejection Plan (If fails at $0.780):
Short Entry: $0.775 โ $0.768โ
Targets:
๐ฏ TP1: $0.750
๐ฏ TP2: $0.735
๐ฏ TP3: $0.710
SL: $0.800
๐ Market Sentiment:
Funding neutral. Slight buy-side momentum showing up after 5+ red candles. Confirmation needed before long.
๐ง Pro Tip:
Wait for a clear breakout with volume above $0.790 or rejection wick before taking positions. This is a high-risk bounce zone, suitable for scalpers and momentum traders.
๐ฌ โWhen the chart is uncertain, your risk control should be certain.โ
Always manage your emotions, not just your entries.
๐ This is not financial advice. Trade at your own risk.
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