Technical Analysis and Trade Signal for $IO
/USDT🎯🚀
Trade Signal
Current Momentum: Bullish (Price +7.42% and increasing trading volume).
Trend: Continuation to test upper resistance levels after breaking $2.90 support.
Trade Zone: $2.95 - $3.01, indicating consolidation before another upward move.
Target 🎯 Levels
1. Target 1: $3.10 (Immediate Resistance)
2. Target 2: $3.25 (Mid-term Resistance)
3. Target 3: $3.50 (Long-term Projection if momentum sustains)
Stop-Loss Recommendation
Place stop-loss at $2.85 to protect against breakdowns.
Trade Momentum
Strength: High
RSI indicates potential overbought zone but hasn't peaked.
Increasing volume and market depth show robust buyer support.
Strategy: Favor Long Positions while monitoring price movement near resistance zones.