$IOTA Trading Alert

Long Liquidation Alert: $76.9K liquidated at $0.278

This major liquidation indicates high volatility in $IOTA . Here’s how you can turn this into a profitable trade with a solid plan:

Key Levels

Buy Zone: $0.265 - $0.275

Look for a dip into this range before entering. Wait for confirmation of support.

Target Levels:

1. Target 1: $0.285

2. Target 2: $0.295

3. Target 3: $0.310

Stop Loss: $0.260

Protect your capital by exiting the trade if the price falls below this level.

Market Sentiment

The liquidation suggests strong selling pressure, but if buyers defend the $0.270 level, a recovery could follow.

Watch for a breakout above $0.280; it may signal a potential bullish rally.

Risk Management

1. Allocate no more than 2% of your capital for this trade.

2. Avoid over-leveraging; stick to your stop loss strictly.

Action Plan

1. Entry Point:

Wait for the price to stabilize in the Buy Zone before entering.

2. Set Targets and Stop Loss:

Place your stop loss and follow the targets provided. After hitting Target 1, adjust your stop loss to break-even.

3. Secure Profits:

Use a trailing stop loss after reaching Target 2 to lock in gains if the price continues to rise.

Pro Tip

Keep an eye on market sentiment and broader trends, as $IOTA often mirrors movements in the overall crypto market.

Stay disciplined, stick to the plan, and trade wisely!

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