IOTA - Trend-Following Setup!

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IOTA is overall bullish trading inside the orange channel so we will be looking for buy setups as it is sitting around the lower orange trendline.

on H4: IOTA is forming a wedge pattern in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, IOTA would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
This analysis is done using RichTL indicator

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