$IOTA /USDT BULLISH BREAKOUT:
Just check the trade setup:💥
And don't miss the opportunity!
Key Levels:
- Current Price: $0.3789
- Resistance Levels: $0.3810, $0.4267
- Support Levels: $0.3653, $0.3377
Trade Setup:
- Entry: Long at $0.3789
- Target Price (TP):
- TP1: $0.3810
- TP2: $0.4267
- Stop Loss (SL): $0.3653
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: Adjust according to your risk tolerance, typically risking 1-2% of your trading capital.
Summary:
We are looking for a bullish trade on $IOTA/USDT due to the recent breakout from the ascending channel. The price has shown strong upward momentum and is currently testing the resistance level at $0.3810. A successful breakout above this level could lead to a further rise towards $0.4267. The stop loss is placed below the support level at $0.3653 to manage risk effectively. 📈📊
Happy Trading! 🚀📈