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IOTA / TetherUS PERPETUAL CONTRACT

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IOTAUSDT.P trade ideas

IOTAUSDT needs more Liquidity?IOTAUSDThad a false breakout from its daily resistance level and is currently consolidating below it. The market is creating a pennant, which is a common technical chart pattern that can indicate a potential continuation or reversal of the current trend. Traders who follow technical analysis may be watching for a breakout from the pennant pattern to signal the direction of the next price move. However, it is important to note that false breakouts can occur and may lead to significant losses if traders are not careful. In addition, traders should also be aware of the potential for a false breakout on the previous support level. If the price breaks below the support level but quickly rebounds back above it, this could be a false breakout and may lead to further consolidation or a potential reversal of the current trend. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6
IOTAUSDTYou can see the 1-day chart of IOTA/USDT. After going through an upward wave, the price produced a correction for 1 month in the range of 0.20 to 0.25, and in recent days, attempts have been made to escape from this price range, which coincides with the breaking of the 200 average. Fast. Also, the price is crossing its long-term static resistance in the range of 0.25, which shows the formation of downstream patterns as well as the persistence and accumulation of the possibility of exiting this range. In my opinion, as an oscillator, we will continue to see an increase up to the range of 0.40, as the target of the measured patterns is also aimed at this price range. My suggestion is to buy in the range of 0.25 to 0.21 with capital management and in the form of a staircase and limit loss. Giving the range of 0.19 and target areas of 0.4 is to swing friends. At the same time, risk-taking friends can use a narrower loss limit. The overall goal was to show the potential for growth, and friends should optimize the entry and exit points with their own strategy and use capital management as a fixed weight in all their transactions.
Long
by mohammadtreder1982
1
IOTAUSDT is between two Daily structures!IOTAUSDT had a breakout from the descending dynamic daily resistance, which is a technical analysis term that refers to a trend line drawn along a series of recent highs that act as a resistance level for the price. After the breakout, the market is now ranging between the daily structures, which are significant levels of support and resistance on the daily chart. These levels are important because they represent areas where there is a significant amount of demand (support) or supply (resistance), meaning that buyers or sellers are likely to enter the market and push the price in a certain direction. Currently, the price of IOTAUSDT is inside the descending channel on the 4-hour timeframe, which is a chart pattern that is characterized by a series of lower highs and lower lows. The market is waiting for the breakout and retest of the daily resistance as new support. The support level is a price point where there is a significant amount of demand, meaning that buyers are likely to enter the market and push the price up. In this case, the daily resistance level is expected to act as a new support level if the price breaks out above it and retests it successfully. If the price of IOTAUSDT satisfies Plancton's Rules, which are a set of trading rules based on price action and market psychology, it could signal a good opportunity to open a new long position, which is a bet that the price will continue to rise. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
14
IotaUsdt laging but can explodeiota chart rdy for explode and big pump now touch resistance trend line but iota can break middle channel adn save that position. iota can pump to top of channel iota after touch MA200 Daily back bottom but after break ma200 daily can pump. now battle with resistance after that ma200 and trend line after that iot free. so you know 3 reisstance in way. you can see MA200. GL EntryPoint: 0.2197 0.2112 Supports: 0.2029 0.1917 0.1784 0.1627 Resistance: 0.2309 0.2551 Targets: 0.2967 0.3457 0.4290 0.5652 Midtime: 0.8021 0.9633 1.2512 HODL: 2.0487 2.9097 GOAL is 4.5337 but this so hard way GL
Long
by Shivaz
Monthly support!IOTA has seen little buying power over the past week, which has caused the currency to break its monthly support in the $0.226-$0.260 range. Now this area has become a serious resistance. Also, the support that was considered in the range of 0.195 to 0.180 dollars has been associated with a positive reaction. Considering the low volume of transactions, we cannot expect an upward trend yet. The price of this currency can have a range trend for some time between the specified levels. Also, the range is completely clear in the 4-hour time frame of this trend. Therefore, the price should return above the $0.26 level for the trend to be bullish again. The nearest minor resistance is in the range of $0.237-$0.247, and hitting this range could be accompanied by a reaction. As you can see, the bearish trend is going on inside a bearish channel, and to get bullish, it is necessary to break the channel's midline and the mentioned resistances.
by MonoCoinSignal
5