$IOST : Breakout Alert! Big Moves Incoming?
$IOST has shown a clear breakout and retest of a falling wedge pattern on the weekly chart—a strong bullish signal!
Key Levels to Watch:
📌 If the bounce is confirmed:
First Target: $0.0120
Second Target: $0.0145
Third Target: $0.0195
Final Target: $0.0270
Why It’s Exciting:
1. Falling Wedge Pattern: A powerful reversal setup often leading to strong upward momentum.
2. Retest Success: Indicates strength in buyers reclaiming support levels.
3. Volume Surge: Watch for increasing volume to validate the breakout.
Next Move:
Entry Idea: Consider entering after confirmation of the bounce near $0.0100–$0.0105.
Risk Management: Place stop-loss slightly below $0.0095 to manage downside risk.
Patience is Key: Targets could take weeks to hit but show solid potential for growth.
Caution:
Monitor BTC and overall market sentiment as they can impact altcoin performance.
Stay sharp, follow the trend, and manage your risk!