$IOTA Long Liquidation: $6.0744K at $0.2984

๐Ÿšจ Market Update:

Liquidation Type: Long

Liquidation Value: $6,074.40

Liquidation Price: $0.2984

๐Ÿ’น Market Insight:

IOTA faced a significant long liquidation at $0.2984, signaling bearish dominance in the short term.

However, this dip could present a buying opportunity if support levels hold and market sentiment improves.

๐Ÿ”ฅ Whatโ€™s Next?

Buy Zone: Look to buy between $0.2900 and $0.3000, where price stability might occur.

Target 1: Set your first target at $0.3150, offering a potential 5.5% gain.

Target 2: If recovery strengthens, aim for $0.3300, a key resistance level.

Stop Loss: Protect your position by placing a stop-loss at $0.2800 to limit potential losses.

๐Ÿ’ฅ Key Levels to Watch:

Support Zone: $0.2900 is a critical support level. A bounce here could indicate a reversal in momentum.

Breakout Zone: A move above $0.3150 may lead to a rally toward $0.3400, backed by renewed bullish sentiment.

๐Ÿ”” Pro Tips:

1. Volume Signals: Strong buying volume near $0.2950 confirms a potential recovery. Weak volume may indicate continued bearish pressure.

2. Partial Profits: Secure gains at $0.3150 and trail your stop-loss as the price approaches $0.3300 for additional safety.

3. Market Sentiment: Keep an eye on broader crypto trends, as IOTA often correlates with the performance of the altcoin market.

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