MyCryptoParadise

IOTA/USDT Keep on Eye, Ready for continue upward movement ???

BINANCE:IOTAUSDT   IOTA / TetherUS
πŸ’Ž IOTA has been making notable strides in the cryptocurrency market. Recently, it experienced a rebound from a key demand zone, which previously served as a supply area.

πŸ’Ž If this rebound is sustained, IOTA could potentially continue its upward trajectory, aiming to test and potentially break through a critical resistance trendline. Successfully breaching this resistance, probability could pave the way for IOTA to reach stronger resistance levels, aligning with our target area.

πŸ’Ž However, should IOTA struggle to break this pattern, there's a possibility of a retreat back to the demand zone for a reevaluation of momentum.

πŸ’Ž A critical juncture arises if IOTA revisits this demand zone and fails to uphold its value above it, breaking through the demand floor. Such an occurrence would signal a shift to a bearish trend, potentially leading to a downward movement toward a support zone.

πŸ’Ž In an extended bearish scenario, IOTA might even reach deeper support levels, emphasizing the importance of monitoring its ability to sustain above key demand zones.

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