📈 Technical Analysis: IOTA (
$IOTA )
Market Capitalization: $314.28M.
The IOTA chart is forming a well-established pattern: a strong impulse move, a correction, and the beginning of a continuation in the direction of the trend.
🟡 Price has already completed its reversal and is sitting at a good entry point.
How to trade❔
💬 We buy at the current price. Stop-loss is placed behind the nearest swing low. Profit target is set just below the resistance level above. The risk/reward ratio looks excellent.
💬 If price still pushes lower and breaks through support we consider a sell. Stop behind the