🟢📊 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.
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