๐จ Important Signal ๐จ
๐ Coin Name: #IOUSDT $IO
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On the 1-hour time frame for IOUSDT, we can observe the formation of an ascending triangle that is beginning to expand. This pattern typically indicates a potential breakout. However, the EMA ribbon is showing signs of weakness, with the red line positioned on the downside, further confirming a bearish sentiment. Adding to this, the Relative Strength Index (RSI) is also displaying bearish signals, indicating a loss of upward momentum. To strengthen this bearish outlook, the price action has broken through the support line of the ascending triangle. Taken together, these technical indicators suggest that IOUSDT is currently in a bearish phase, with downside potential becoming more prominent.
ENTRY - 1.815 or Market Price
Signal Type - Long
1st tp- 1.720
2nd tp- 1.665
3rd tp- 1.610
4th tp- 0.3300
Stop Loss - 1.575
Leverage - 5x - 10x
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