technical analysis for the IOTA/USDT 💯🔥

Technical Analysis Summary:

Current Price: $0.2979 (slightly bullish)

Trend: IOTA is currently in a slight uptrend, with a 2.16% rise in the last 24 hours.

Support: Around $0.2795 (24h low) – a potential entry point if the price retraces.

Resistance: $0.3007 (24h high) – a potential selling point.

Momentum Indicators: The price is holding up and above a recent support, suggesting bullish momentum. A continuation above $0.3000 would likely push toward the next key resistance levels.

Trade Signal with Targets:

Entry: Buy near $0.2795 (if price retraces to support level)

Target Levels:

1. Target 1 (Short-Term): $0.3050 (near the upper resistance zone)

2. Target 2 (Mid-Term): $0.3120 (next higher resistance, if momentum continues)

3. Target 3 (Long-Term): $0.3200 (major resistance area)

Stop-Loss: Consider setting a stop-loss around $0.2700 to protect from a major pullback.

Momentum:

The momentum is currently positive with the price maintaining above key support levels.

RSI or MACD indicators (if available) would show continued bullish strength if trending upwards.

This trade looks promising if the price holds above $0.2795 and progresses toward the target levels. If momentum shifts, watch out for a potential downside.

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