š Technical Analysis on IO/USDT (Binance)
The IO/USDT pair has been showing positive momentum, with the price currently at $2.405, up 5.34% in the last 24 hours. After a solid rebound from its 24h low of $2.223, the pair is now approaching key levels that traders should watch closely.
š Price Action Overview:
24h High: $2.510
24h Low: $2.223
Current Price: $2.405 (+5.34%)
The market has seen some healthy consolidation between the 24h high and low, which makes the current price action crucial for the next move. Below are 3 key target levels to consider for potential entries or exits:
šÆ Target 1: $2.492 (SAR Resistance)
The Stop and Reverse (SAR) indicator currently suggests $2.492 as a resistance level. If the price breaks above this, we could see a continuation of the uptrend towards the next major resistance zone. Watch for confirmation of the breakout.
šÆ Target 2: $2.510 (24h High)
The immediate 24h High at $2.510 remains a key level. If the price surpasses this level, it could signal a bullish breakout, potentially driving the price towards the next psychological resistance at $2.572. Look for strong volume to confirm the move.
šÆ Target 3: $2.223 (Support Zone)
On the downside, $2.223 is the recent low, which serves as key support. If the price falls back below this level, we might see further downside, potentially testing the $2.190 level. Watch for signs of a reversal or retest if the price starts to approach this area.
š” Key Takeaways:
Bullish Scenario: A break above $2.492 and $2.510 could open the door for further gains.
Bearish Scenario: If $2.223 is broken, a retracement to $2.190 could be in play.
#90kCryptoZone #BitcoinStrategy #BitcoinETFOptions #BTC93KNewATH
