🚨$IOTX / USDT : 4H
🧩Analysis :
• The price is currently in an uptrend and is respecting the 200 exponential moving average (EMA).
• However, there was a recent sudden decline in price, which found support above the 200EMA and quickly recovered.
• The overall structure and trend of the pair are bullish, suggesting that the price is likely to continue its upward movement.
• However, considering the recent drop and the associated risks, it would be advisable to wait for the price to break out above the $0.054 entry level before considering a long position.
Buy : $0.0548
Targets : $0.0647 and $0.0768
SL : $0.0390
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