$IOTA /USDT: Tight Targets Amid Bullish Surge – Is the Rally Sustainable?
$IOTA is showing remarkable strength, currently trading at 0.3543 on the 15-minute timeframe. With bullish momentum pushing it toward the resistance of 0.3559, traders should prepare for a potential breakout while maintaining cautious, short-range targets. The critical support lies at 0.3500, offering a solid safety net for the rally. For an optimal trade, enter near 0.3543, aiming for tight targets at 0.3565 (TP1), 0.3580 (TP2), and 0.3600 (TP3).
To manage risk effectively, set a stop-loss at 0.3485, slightly below the support level. Given the current overbought RSI and strong price action, this setup ensures a higher probability of gains with minimal risk. Monitor the resistance breakout closely, as it could confirm the next move in this exciting surge.