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Cryptomaster2
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$IO /USDT has been consolidating within a range for the past few hours. The price is currently at $3.006 and has shown a slight uptick of +0.91% in the last hour. This suggests potential bullish momentum, but traders should remain cautious as the pair is still within a consolidation range.
Entry:
Consider entering long positions at $3.006.
Resistance & Support:
* Resistance: $3.200 and $3.400
* Support: $2.800 and $2.600
Take-Profit Targets:
* Target 1: $3.200
* Target 2: $3.400
* Target 3: $3.600
Stop-Loss:
Set a stop-loss at $2.800 to protect your position from potential downside movement.
Caution:
* Traders should be aware that the pair is still within a consolidation range.
* Monitor the price action closely for any signs of a breakout or breakdown.
* Use proper risk management techniques and only trade with capital you can afford to lose.
#IOUSDT #CryptoTrading #TechnicalAnalysis #Binance #TradingSignal
Entry:
Consider entering long positions at $3.006.
Resistance & Support:
* Resistance: $3.200 and $3.400
* Support: $2.800 and $2.600
Take-Profit Targets:
* Target 1: $3.200
* Target 2: $3.400
* Target 3: $3.600
Stop-Loss:
Set a stop-loss at $2.800 to protect your position from potential downside movement.
Caution:
* Traders should be aware that the pair is still within a consolidation range.
* Monitor the price action closely for any signs of a breakout or breakdown.
* Use proper risk management techniques and only trade with capital you can afford to lose.
#IOUSDT #CryptoTrading #TechnicalAnalysis #Binance #TradingSignal
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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