$IOTA
/USDT Steady Resistance Moves Updates 💥 📈
Current Price: $0.3747 (+0.19%)
24H Range: $0.3616 - $0.3998
Volume: 79.51M IOTA | 30.33M USDT
Technical Analysis Highlights
Trend: Recovery phase after recent pullback; gaining bullish momentum.
Moving Averages:
10 MA: Immediate support near $0.372.
50 MA: Upward sloping, confirming mid-term bullish sentiment.
RSI: Around 60 – Indicates moderate bullishness.
Bollinger Bands: Price approaching the upper band, suggesting short-term resistance near $0.38–$0.39.
MACD: Positive and widening, signaling increasing upward momentum.
🎯 Trade Strategy
Entry Point: Accumulate near $0.372–$0.375 for a continuation of the bullish trend.
Targets:
1. 🎯 $0.385 – Minor resistance, suitable for quick profits.
2. 🎯 $0.395 – Near the 24H high; a key breakout level.
3. 🎯 $0.410 – Extended bullish target if momentum continues.
Stop Loss: Place at $0.360 to limit downside risk.
⚡ Pro Tip:
Watch for volume spikes near $0.385 to confirm breakout strength.
If price struggles near $0.39, consider partial profit-taking and re-enter on dips.
Happy trading! 🚀
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