🤯 $IOTA Chart Shows Ominous Pattern


Hey traders👋, let's look at $IOTA:


Current price: $0.176 (▼3.56%)
24h range: $0.1718 - $0.1837


📊 Current Analysis:


IOTA has been struggling to maintain its levels, now down 3.56%. The chart shows sellers are becoming more aggressive near these price levels. Here are the key levels I'm watching:


🔺 Resistance Levels:
1. $0.1795 - Immediate resistance that needs to break for continuation
2. $0.1855 - Stronger resistance that could cap larger moves


🔻 Support Levels:
1. $0.1725 - Initial support where buyers might step in
2. $0.1701 - Critical support that must hold for current structure


💡 Trading Considerations:


Patience could be valuable here. Sometimes the best trade is no trade until the picture becomes clearer.


For those considering positions:
• Potential entry zone: $0.1725-$0.1795
• Stop considerations: Below $0.1701 for longs / above $0.1855 for shorts
• Initial targets: $0.1795 then $0.1855 if bullish / $0.1725 then $0.1701 if bearish


What's your take on IOTA's current setup? Are you:
- Seeing opportunities here?
- Waiting for more confirmation?
- Have a different perspective on these levels?


Let me know in the comments - I always appreciate different viewpoints!


Remember: Markets can change quickly. Always manage your risk accordingly.


#Crypto #Trading #Binance #IOTA #Bearish #DYOR