$IOTA /USDT BULLISH REVERSAL – TARGETING THE NEXT BREAKOUT ZONE!
$IOTA has gained strong bullish traction, currently trading at $0.2283 (+11.75%), after reaching a 24h high of $0.2450. This price action suggests a clear trend reversal, backed by rising volume and momentum, as the Layer 1 token eyes key breakout levels.
Key Technical Levels:
Current Price: $0.2283
Resistance Levels:
$0.2400 – Minor resistance
$0.2450 – 24h high and key breakout zone
$0.2600 – Next target if breakout confirms
Support Levels:
$0.2200 – Previous resistance, now flipped support
$0.2015 – 24h low, strong support base
Trade Setup – Long Position:
Entry:
Breakout above $0.2450, or
Pullback to support near $0.2200
Targets (TP):
TP1: $0.2450
TP2: $0.2600
TP3: $0.2800 (mid-term target on continuation)
Stop Loss (SL): $0.2150 (below support and invalidation zone)
Risk Management:
Only risk 1-2% of capital per trade. Use confirmed breakout entries with volume. Trail your SL above entry after TP1 to lock in profits and reduce exposure.
IOTA is showing strong signs of bullish continuation, reclaiming important levels with momentum. A clean break above $0.2450 could trigger the next rally phase – get ready for liftoff!
#IOTA #IOTAUSDT #CryptoTrading #Layer1Tokens #TechnicalAnalysis