Yello Paradisers, are we about to witness a powerful reversal from this demand zone, or is one final shakeout coming before the real move begins?
💎#IOTXUSDT is trading inside a well-defined descending channel, printing consistent lower highs and lower lows. This confirms a corrective structure, not a bullish trend. However, price has now reached a strong demand zone around $0.0040– $0.0042, and we are seeing an initial reaction from this area.
💎Momentum is shifting. The MACD shows early signs of bullish divergence, signaling weakening selling pressure. Still, there is no confirmed bullish crossover yet. Acting before confirmation is where most traders get trapped.
💎The key trigger is a clean breakout above the descending channel resistance. If price breaks out and successfully retests that level as support, structure shifts bullish. In that case, the next major resistance sits at $0.0104–$0.0108, where strong supply previously entered.
💎Invalidation remains below $0.0025. A breakdown there would cancel the bullish scenario and open the door for further downside.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
💎#IOTXUSDT is trading inside a well-defined descending channel, printing consistent lower highs and lower lows. This confirms a corrective structure, not a bullish trend. However, price has now reached a strong demand zone around $0.0040– $0.0042, and we are seeing an initial reaction from this area.
💎Momentum is shifting. The MACD shows early signs of bullish divergence, signaling weakening selling pressure. Still, there is no confirmed bullish crossover yet. Acting before confirmation is where most traders get trapped.
💎The key trigger is a clean breakout above the descending channel resistance. If price breaks out and successfully retests that level as support, structure shifts bullish. In that case, the next major resistance sits at $0.0104–$0.0108, where strong supply previously entered.
💎Invalidation remains below $0.0025. A breakdown there would cancel the bullish scenario and open the door for further downside.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Trade active
💎#IOTXUSDT is playing out exactly as we predicted, surging with a 34.30% gain and it’s not done yet!
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.