Technical Analysis for $IO

/USDT🎯💯🔥

Current Price: $2.901

Trend: Bullish momentum observed, up by +6.22% in the last 24 hours.

Support Levels:

$2.731 (24h Low)

$2.878 (Depth Level)

Resistance Levels:

$3.036 (24h High)

$2.978 (Near Depth)

Momentum Indicator: Positive momentum with increasing buying interest around $2.90, indicated by the volume spike.

Trade Signal

Trade Type: Buy Signal

Entry Price: $2.90 (around current price level)

Target Levels:

1. Target 1: $3.05 (near 24h High)

2. Target 2: $3.10 (psychological resistance zone)

3. Target 3: $3.20 (longer-term potential breakout)

Stop Loss Level: $2.73 (to mitigate risks below the support zone)

Trade Momentum

Short-Term Trend: Strong upward movement, likely to continue if the price stays above $2.90, driven by the positive momentum.

Volume Indicator: Volume around 19.09M USDT suggests active trading, indicating confidence in the uptrend. Momentum continues to support bullish moves.

Note: Always ensure proper risk management, especially during volatile market conditions.

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