I don't see it as bullish. If you enter at 77, you will be at a loss.
Crypto-Muqaddas
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Bullish
$IOST /USDT: Momentum in Full Swing! 🚀💹
$IOST is demonstrating robust bullish momentum, currently trading at $0.007725, with an impressive +20.23% gain in the last 24 hours. This surge signals an exciting opportunity for short-term traders.
On the 30-minute chart, the price has been climbing steadily, now nearing a critical resistance zone at $0.008000. A successful breakout above this level could trigger an accelerated move toward $0.008200.
Trading Plan:
Entry: $0.007725
Target 1: $0.008000 (initial breakout level)
Target 2: $0.008200 (potential rally extension)
Stop-Loss: $0.007550 (below recent support levels)
This strategy provides a favorable risk-to-reward ratio, allowing you to capitalize on $IOST's current bullish trajectory while managing downside risk.
Keep a close eye on price action for confirmation of a breakout, as $IOST appears primed for further gains!