IO still looks bearishWe have a pattern with price-time similarity that looks like a diametric.
The length of each branch is between 22-23 days.
We seem to be in wave C now.
The vertical line is the minimum time that wave C should have.
We are looking for sell/short positions in the supply range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Ioanalysis
IOUSDT - A Prime Opportunity for Long Term Gains.After a significant correction, IOUSDT is making efforts to reclaim its previous major support level. This is often a positive sign, indicating that the market may be stabilizing and setting the stage for a potential upward move.
IOUSDT is part of a significant GPU project, which adds to its appeal and long-term potential.For those looking to invest, this could be an opportunity to buy IOUSDT and hold it for the long term. Given the project’s potential and current market conditions, long-term holding may yield substantial returns
IOUSDT (1D Chart) Technical analysis
IOUSDT (1D Chart) Currently trading at $3.4
Buy level: Above $3.5 (Buy after breakout)
Stop loss: Below $3
TP1: $3.8
TP2: $4.3
TP3: $5.5
TP4: $6.5
Max Leverage 3x
Always keep Stop loss
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