🚨 $IOTA /USDT ALERT: BULLISH BREAKOUT IN ACTION – TARGETS AHEAD! 🚨
$IOTA is up 33.02%, currently trading at $0.5164, after reaching a 24-hour high of $0.6000. This sharp move highlights strong bullish momentum with a significant rise in volume. Here’s the technical outlook with key levels to watch:
Key Levels to Watch:
1️⃣ Target 1: $0.5500
With the current bullish momentum, IOTA is likely to test this immediate resistance.
2️⃣ Target 2: $0.6000
Breaking above the first target could see IOTA retesting its recent high. Sustained buying pressure may push it further.
3️⃣ Target 3: $0.6500
A strong rally with continued volume could propel IOTA toward this psychological and technical resistance zone.
Support Zone:
Immediate Support: $0.4770
A drop below this level could indicate a potential correction, with the next support at $0.4200.
Trade Setup:
Long Entry: Enter on pullbacks near $0.5000 or a breakout above $0.5500.
Stop Loss: Place a stop loss below $0.4700 to limit downside risks.
Take Profit Levels: $0.5500, $0.6000, $0.6500.
Cautionary Note:
Traders should be cautious of increased volatility and manage risk effectively. Keep an eye on volume and momentum indicators for confirmation of further bullish moves.
