🟢📊 Trade Signal for IOTA/USDT

Asset: IOTA/USDT

Timeframe: 1D

Prediction: Bullish continuation with potential reversal zones

📉 Entry Point:

• Demand Zone: $0.1402 - $0.1530

• Possible long entry around $0.1600 once the price breaks out of the descending pattern.

🎯 Targets:

• Target 1: $0.1974

• Target 2: $0.2169

• Target 3: $0.2588 (Major resistance)

🛑 Stop Loss:

• Invalidation Level: $0.1175 (below demand zone)

📈 Pattern Breakdown:

• Current trend suggests a potential Elliott Wave formation, targeting a bullish rise.

• Breakout from the falling wedge structure and formation of higher lows indicates a reversal.

• Watch for confirmation at the $0.1650 level for sustained momentum.

Risk-Reward Ratio: Favorable, estimated at 3:1.

Key Zones:

• Demand Zone: $0.1402 - $0.1530

• Supply Zone: $0.2588 - $0.2760

🟢 Signal Summary:

• Strong buy opportunity around $0.1600, with clear targets in place.

• Manage risk carefully with a stop below $0.1175.

• Price action aligns with trend continuation towards the $0.2600 zone.

⚠️ Disclaimer: DYOR and NFA.

$IOTA

#BinanceLaunchpoolHMSTR #SpotGoldATH #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance