$IOTA /USDT has been experiencing a strong uptrend on the chart, with the price currently trading at $0.3420. The pair has broken above a key resistance level of $0.3350 and is now consolidating above it.
Entry: Consider entering a long position at the current price of $0.3420.
Resistance: The immediate resistance level is at $0.3450.
Support: The nearest support level is at $0.3350.
Take-Profit Targets:
* Target 1: $0.3500
* Target 2: $0.3550
* Target 3: $0.3600
Stop-Loss: Place a stop-loss order at $0.3300 to limit potential losses.
Caution:
* The market is highly volatile, and prices can change rapidly.
* It's important to use proper risk management techniques, such as setting stop-loss orders.
* Traders should monitor the market closely for any signs of instability or potential breakout signals.
