$IOTA Trading Alert
Long Liquidation Alert: $76.9K liquidated at $0.278
This major liquidation indicates high volatility in $IOTA . Here’s how you can turn this into a profitable trade with a solid plan:
Key Levels
Buy Zone: $0.265 - $0.275
Look for a dip into this range before entering. Wait for confirmation of support.
Target Levels:
1. Target 1: $0.285
2. Target 2: $0.295
3. Target 3: $0.310
Stop Loss: $0.260
Protect your capital by exiting the trade if the price falls below this level.
Market Sentiment
The liquidation suggests strong selling pressure, but if buyers defend the $0.270 level, a recovery could follow.
Watch for a breakout above $0.280; it may signal a potential bullish rally.
Risk Management
1. Allocate no more than 2% of your capital for this trade.
2. Avoid over-leveraging; stick to your stop loss strictly.
Action Plan
1. Entry Point:
Wait for the price to stabilize in the Buy Zone before entering.
2. Set Targets and Stop Loss:
Place your stop loss and follow the targets provided. After hitting Target 1, adjust your stop loss to break-even.
3. Secure Profits:
Use a trailing stop loss after reaching Target 2 to lock in gains if the price continues to rise.
Pro Tip
Keep an eye on market sentiment and broader trends, as $IOTA often mirrors movements in the overall crypto market.
Stay disciplined, stick to the plan, and trade wisely!
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