💎#IOTXUSDT has made significant moves in recent price action, breaking above the downtrend trendline and the recent high. And this breakout might have signaled a growing bullish momentum.
💎Prior to the breakout, the price successfully rejected the uptrend trendline, demonstrating the strength of the bulls in defending the support level. This validates the...
If the price breaks the neckline, the minimum price target of the pattern will be 0.56. In this manner, the pattern on the chart may provide an opportunity to short MATICUSD for a profit of 26.39%.
As predicted price has come down to $37.70 area but short of the $37.11. I am still anticipating to get into the target box before making our way to $51.
I maybe considering another shot at a long down in the target box...but not until then. Let price to come to you...vs chasing it. I'll advise if this trade takes shape. Stay Tuned.
Best to all,
Chris
