$IO
/USDT Technical Analysis & Trade Signal
Trend Overview:
The pair is experiencing bullish momentum, evidenced by a price increase of +0.99% within the past 24 hours, with strong buying pressure near the $3.259 support level.
Key Technicals:
Resistance Levels: $3.706 (recent high)
Support Levels: $3.401 (immediate), $3.259 (key support)
Momentum Indicators:
RSI: Near 60, indicating moderate bullish strength.
MACD: Signal line is crossing upward, signaling potential bullish continuation.
Trade Signal:
Buy Entry: Enter near $3.564 if price consolidates or shows strength above this level.
Targets 🎯
1. Target 1: $3.70 (Test of 24-hour high)
2. Target 2: $3.85 (Intermediate resistance)
3. Target 3: $4.00 (Psychological barrier)
Stop Loss: Place at $3.25 to minimize downside risk.
Momentum:
Short-Term: Bullish
Medium-Term: Neutral (awaits breakout above $3.706 for continuation)
Long-Term: Range-bound.
Trade cautiously during volatile periods and monitor updates!
