🔷coin name: IO/USDT
🟩 Long
♻️ Leverage: 10x (adjustable based on risk appetite)
👉 Entry: 2.80 USDT
Target 🎯
1. 2.85 USDT
2. 2.90 USDT
3. 2.95 USDT
4. 3.00 USDT
Support Levels (SL) ⛔
1. 2.75 USDT
2. 2.70 USDT
Market Analysis:
• Current Price: 2.83 USDT
• The IO token shows a slight downward movement within the last 24 hours, with a -6.83% change. The 24h high is 3.27, and the low is 2.80. The price has retraced towards the 2.80 level, a potential support zone.
• The BTC/USDT market is showing a -0.32% change, indicating a small bearish sentiment in the broader crypto market, which can reflect some cautiousness in the IO market as well.
• Support Levels: The 2.80 range is crucial as the coin has seen support in this region previously. A bounce here might confirm a potential long setup.
• Resistance Levels: The 2.90 to 3.00 USDT ranges act as strong resistance levels. Once breached, the price can test the 3.20 level, a critical area.
Short vs. Long Sentiment:
• Based on my analysis and current market conditions, 67% of traders are currently long, and 33% are short.