$IOTX /USDT Technical Analysis & Trade Signal🚀🚀🔥🔥🔥🔥
Current Price: $0.03558
24h Movement: -8.42%
Key Levels:
Resistance Levels:
1. $0.03942 (Recent 24h High)
2. $0.04150 (Potential resistance zone)
3. $0.04400 (Higher resistance target)
Support Levels:
1. $0.03159 (Recent 24h Low)
2. $0.03000 (Key psychological support)
3. $0.02800 (Strong support zone)
Trade Signal:
Buy Signal: Consider entering a long position if the price bounces back from $0.03159 (support level). If price shows upward momentum and breaks resistance at $0.03942, the bullish trend could continue.
Target Levels:
1. Target 1: $0.03942 — Watch for a breakout or consolidation near this level.
2. Target 2: $0.04150 — Look for continuation if momentum holds.
3. Target 3: $0.04400 — Possible extended target in a strong bullish scenario.
Stop Loss: Place a stop loss just below the $0.03159 support level (around $0.03000 to minimize risk).
Momentum:
Current Market Momentum: Bearish in the short term (15m, 1h, 4h). The price is trending lower and needs to break above $0.03942 to confirm any bullish momentum.
Indicator Watch: Keep an eye on RSI and MACD for signs of reversal. If RSI crosses above 30 and MACD turns positive, this could indicate a shift towards a bullish trend.