IOUSD
#IO (SPOT) entry range(1.400 - 1.730) T. (5.299) SL (1.300)BINANCE:IOUSDT
entry range (1.400 - 1.730)
Target1 (2.060)- Target2 (2.939) - Target3 (3.580) - Target4 (5.299)
SL .1D close below (1.300)
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$IO - Supply shock comingIO (Io.net) throwing up a 25% in a day!
GPU staking coins on Solana probably worth keeping an eye on.
Over MIL:1M worth of IO tokens have been staked on Ionet’s staking platform, marking a key milestone in the platform’s growth.
Supply shock of up to GETTEX:17M in buy pressure from validators from the recent gov proposal.
However, price is now being rejected at 4-hour ema200, this is the first test thus a shallow pullback is expected.
Would view the following levels as good area to bid or to go long:
$1.85 - 0.618 fib level
Conservative entry:
$1.76 - 0.50 fib + high volume node (b
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
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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