Potential Bullish Breakout for #IOTXUSDT – Don’t Miss This

Jul 22Yello Paradisers! Have you been tracking #IOTXSDT lately? If not, now's the time to focus. It is currently approaching a critical key support zone at $0.04634 and also showing strong momentum above the EMA, suggesting a potential bullish breakout.

💎In our previous observations, #IOTXUSDT faced continuous rejection from descending resistance. Now, it’s breaking above and probably retesting the channel resistance. We are expecting a probable bullish move from the key support at $0.04634.

💎If #IOTXUSD continues to sustain its momentum above this EMA and support, there's a high probability it will challenge the supply area at $0.06608 again, potentially breaking above the resistance.

💎However, if #IOTeX fails to maintain its momentum above the EMA and drops below the lower demand zone, we could see a significant price drop and bullish invalidation.

Remember to employ prudent trading strategies and use proper stop-loss measures. Stay alert to market movements for timely updates.

MyCryptoParadise
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