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$IOTX : Ascending Triangle Setup 🚀
$IOTX is trading at $0.04832, showing an increase of +6.60% with a clear bullish pattern forming on the 4-hour chart. The ascending triangle structure signals growing interest from buyers as the price tests resistance around $0.05000. A breakout could lead to significant gains.
📊 Trading Signal
🔹 Trade Direction: LONG 📈
Entry Zone: $0.0480 - $0.0500
Take Profit (TP):
TP1: $0.0530 (Initial Resistance)
TP2: $0.0600 (Key Resistance Zone)
Stop Loss (SL): $0.0450 (Trend Line Support)
💡 Why You Should Make This Trade?
1️⃣ Bullish ascending triangle suggests a potential breakout.
2️⃣ Volume is gradually increasing, indicating buying momentum.
3️⃣ A breakout above $0.0500 could trigger a rise to the $0.0600 zone.
🔒 Risk Management: Set a stop-loss at the trend line support and lock in profits near resistance levels.
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