💎 IOTA has recently experienced significant market dynamics, potentially leading it back to the demand zone for a retest after facing a strong rejection from the key resistance area.
💎 If IOTA manages to bounce convincingly from the demand zone, it could signal a resurgence in bullish momentum. This bounce might pave the way for another attempt to break above the key resistance area.
💎 A successful breakout above this level would confirm a bullish trend for IOTA and could facilitate a move towards our target area.
💎 However, if IOTA fails to find support at the demand zone and continues to decline, the next significant level to watch is the support area. In this scenario, IOTA must bounce from the support area and reclaim the price above the demand zone to sustain any upward momentum.
💎 Should IOTA fail to bounce from the support area and instead break below it, it could indicate further downside potential for the price, with the possibility of continued downward movement.
💎 If IOTA manages to bounce convincingly from the demand zone, it could signal a resurgence in bullish momentum. This bounce might pave the way for another attempt to break above the key resistance area.
💎 A successful breakout above this level would confirm a bullish trend for IOTA and could facilitate a move towards our target area.
💎 However, if IOTA fails to find support at the demand zone and continues to decline, the next significant level to watch is the support area. In this scenario, IOTA must bounce from the support area and reclaim the price above the demand zone to sustain any upward momentum.
💎 Should IOTA fail to bounce from the support area and instead break below it, it could indicate further downside potential for the price, with the possibility of continued downward movement.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.