$IOST

/USDT Technical Analysis

Current Price: 0.007148 USDT

24h Price Change: +17.93%

Trend: Bullish momentum in the short term, showing a strong uptrend following the positive price change.

Key Levels:

Support: 0.0060 USDT (low point, potential for price bounce)

Resistance: 0.007358 USDT (current 24h high, immediate resistance zone)

Momentum:

RSI (Relative Strength Index) is likely above 70, indicating overbought conditions but can continue momentum if not reversing soon.

MACD (Moving Average Convergence Divergence) is in a bullish crossover, signaling continued upside momentum.

Trade Signal with Target Levels

1. Target 1 (0.0074 USDT)

Possible resistance area; potential profit-taking level.

2. Target 2 (0.0077 USDT)

Intermediate resistance, if buying pressure holds.

3. Target 3 (0.0080 USDT)

Bullish breakout level; may extend the rally further if breached.

Trade Momentum

Entry: Consider buying around 0.0070-0.0071 USDT, looking for support at this price range.

Stop Loss: 0.0060 USDT (to minimize risk if the market reverses sharply).

Risk/Reward: Favorable for a 2:1 or better risk/reward ratio with current market sentiment.

Ensure to monitor momentum indicators for any shifts that could impact the bullish outlook.

#CorePCESignalsShift #USUALBullRun #GrayscaleSUITrust #MarketPullback