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IOTA / TetherUS
Long

IOTA/USDT: Bullish Signals Emerge!

By Arash-RK
IOTAUSDT is showing promising signs for a potential price surge. The current trend suggests a bullish breakout pattern forming with three key stages:

  1. Resistance Break: We've already witnessed two potential breakouts around the $0.3725 resistance level.
  2. Pullback: A price pullback is likely, potentially dipping to the $0.3500-$0.3600 range. This is a normal and healthy consolidation phase after a breakout.
  3. Break Confirmation: The final confirmation comes when the price surpasses the previous high and a one-hour candle closes above that level. This signifies a successful breakout and a potential entry point for a long trade.


Trading with the Trend:

This analysis suggests a potential opportunity for a long trade if the breakout is confirmed. However, remember:
  • This is for informational purposes only and not financial advice.
  • Do your own research before making any trades.
  • Consider using stop-loss orders to manage risk.


Good Luck

Chart PatternscryptosignalscryptotradingHarmonic PatternsIOTAiotasignalsiotausdtTrend Analysis
Arash-RK
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