$IOTX /USDT - Technical Analysis & Trade Signal🎯💥🔥
Current Price: $0.04819
24h High: $0.04935
24h Low: $0.04548
Technical Analysis
Support Levels:
Primary Support: $0.04650
Secondary Support: $0.04500
Resistance Levels:
Primary Resistance: $0.04950
Major Resistance: $0.05080
Parabolic SAR (0.02, 0.2): $0.04692 indicates bullish momentum if price sustains above this level.
Volume Trend:
Increasing volume indicates rising interest, confirming a bullish bias.
Momentum Indicator:
The recent price surge +1.84% with strong buying volumes signals potential for upward momentum.
Trade Signal
Position: Long (Buy)
Entry Point: $0.04820 - $0.04750
Target Levels 🎯:
1. Target 1: $0.04950
2. Target 2: $0.05080
3. Target 3: $0.05200
Stop Loss: $0.04580
Trade Momentum:
Trend: Bullish
Risk-to-Reward Ratio: Favorable (3:1)
Recommendation: Wait for price to stabilize above $0.04800 for confirmation. If price drops near $0.04750, it can serve as a better entry point.