$IOTA /USDT - Potential Reversal Zone
Entry Point: $0.2940 - $0.2970
Target 1 (TP1): $0.3050
Target 2 (TP2): $0.3150
Stop Loss (SL): $0.2890
Analysis: $IOTA /USDT is hovering near a key support area, with oversold conditions indicating potential for a short-term rebound. A break above $0.2970 could push the price towards the first target zone.
Risk Management: Utilize a tight SL to minimize risk. Book partial profits at TP1 and aim for extended gains at TP2.
Strategy: Ideal for scalpers and short-term traders looking to capitalize on momentum reversal. Keep an eye on volume and market trends.