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MyCryptoParadise_Simon
Jan 27, 2024 11:03 AM

IOTX/USDT Ready for a Bullish journey? 👀🚀 IOTX Analysis Long

IoTeX / TetherUSBinance

Description

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💎 Paradisers, let's shift our focus to #IOTXUSDT, as it's currently showing potential for a major move from a key demand level.

💎 #IoTex is charting an upward path, indicating a potential bullish breakout from its current demand zone. We're expecting a retest of the demand level at $0.038, in light of the significant supply zone ahead. If #IOTX maintains its position above this level, it might initiate a rise towards the major supply zone at $0.060.

💎 However, if #IOTX encounters challenges in holding its ground above the support, we may need to reconsider our trading strategy. In such a case, our focus could shift towards triggering a bullish movement from a lower bullish Order Block (OB).

💎 It's imperative to monitor this level closely, as a fall below it could lead to a substantial downward trend.

💎 Stay vigilant and ready to pivot, Paradisers. Your ParadiseTeam is dedicated to providing the latest insights and strategic outlooks, ensuring you're equipped to adeptly navigate these market changes.

Trade closed: target reached

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Just like clockwork, #IOTX is tracing our forecast, hitting that sweet 91.99% growth mark.

Comment

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Comments
LegionQ8
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Great Analysis! Like it!
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