$IOTA Long Liquidation Analysis

💥 Current Long Liquidation: $7.1171K, Price: $0.3342

Market Overview

$IOTA has seen a significant long liquidation at $0.3342, which suggests the market is experiencing a bearish correction. This could present an opportunity for short positions or a chance to buy at a lower price if the trend stabilizes.

Trading Strategy: Short Plan (Bearish Strategy)

Short Zone

Entry Range: $0.3300 to $0.3400

Tip: Enter once the price stabilizes or shows signs of a minor pullback within this range.

Targets (Take Profits)

Target 1 (Short-Term): $0.3200

Target 2 (Mid-Term): $0.3100

Target 3 (Long-Term): $0.3000

Stop Loss

Stop Loss Level: $0.3450

Reason: A rise above this level may indicate that the bearish momentum has ended.

Trading Strategy: Buy Plan (Bullish Reversal)

If IOTA shows signs of stabilization and upward movement, here’s a plan for a cautious buy entry:

Buy Zone

Entry Range: $0.3000 to $0.3100

Tip: Look for a confirmed bounce or reversal signal in this range for a safer entry.

Targets (Take Profits)

Target 1 (Short-Term): $0.3200

Target 2 (Mid-Term): $0.3300

Target 3 (Long-Term): $0.3500

Stop Loss

Stop Loss Level: $0.2900

Reason: A break below this level could signal further downside risks.

Key Tips for Traders

1. Risk Management: Use only 1-2% of your portfolio per trade to limit potential losses.

2. Volume Confirmation: Pay attention to volume signals to confirm the direction of the price movement.

3. Stay Updated: Be aware of any news or updates on IOTA that could change the market sentiment quickly.

⚡ Possible Scenario: If $IOTA falls below $0.3200, it may continue to $0.3100 or lower.

However, if it bounces from $0.3100, it could lead to a potential rally towards $0.3500.

Adjust your strategy based on price action and stick to your risk management plan!

#BTCRebounds95K #USStateBuysBTC #XRPBackInTop3 #BitcoinInSwissReserves #BinanceAlphaAlert