$IOTA
/USDT Technical Analysis & Trade Signals
Current Price: $0.4877
Momentum: Strong bullish momentum (+49.97% in 24h)
Key Levels
1. Resistance Levels (Targets šÆ):
šÆ Target 1: $0.5210 (recent 24h high)
šÆ Target 2: $0.5500 (psychological resistance & Fibonacci extension)
šÆ Target 3: $0.6000 (next major resistance zone)
2. Support Levels:
Support 1: $0.4400 (near breakout level)
Support 2: $0.4000 (strong psychological support)
Trade Signals
Buy Signal: Enter on dips near $0.4400 or $0.4500 with tight stop-loss at $0.4000.
Momentum Confirmation: Sustained price action above $0.5000 with volume surge could trigger a breakout.
Sell Signal: Partial take-profit near $0.5210 and $0.5500. Consider trailing stop-loss to secure gains.
Indicators
RSI: Overbought (watch for retracements).
Moving Averages: Short-term MA trending above long-term MA (bullish crossover).
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