IOTAUSDT
is showing promising signs for a potential price surge. The current trend suggests a bullish breakout pattern forming with three key stages: - Resistance Break: We've already witnessed two potential breakouts around the $0.3725 resistance level.
- 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.
- 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