Cryptocurrency forecast #IOTX
based on the liquidation map
Current situation:
Price at the time of analysis: about $0.07 đ
Analysis of the liquidation map:
The map shows significant liquidation zones (green and blue lines) in the range from $0.05 to $0.09 đ. Liquidation zones indicate possible resistance and support levels, where large liquidations of positions using leverage occur.
Key observations:
In April and May, the price fluctuated in the range from $0.04 to $0.07, with multiple liquidations in these zones đ. Starting from the end of May, the price has been showing an upward trend, which may indicate increased interest in the asset đ.
Forecasts and key levels:
Positive scenario: If the current uptrend continues, the price may break through the $0.07 level and reach $0.08 and above đ. In case of a breakout of $0.08, the next target will be $0.09, where significant liquidations are observed and strong resistance may arise đ. Negative scenario: If the price begins to decline, the nearest support is at $0.06 and $0.05 â ïž. If these levels are broken, the price may drop to $0.04, where there were also significant liquidations đ».
Recommendation:
Monitor key support and resistance levels to determine entry and exit points đđ. Consider liquidation data when planning trading strategies to minimize risks and maximize possible opportunities đ.
