💎 Paradisers, #IOTX has recently experienced significant market dynamics, exhibiting a bounce from the support area.
💎 A breakout from the current pattern could probability signal a bullish reversal, propelling the price upward toward the strong resistance area.
💎 However, if #IOTX fails to breach the resistance trendline and remains in consolidation around the support area, this could indicate weakness in the bullish momentum. In such a scenario, there's a possibility that #IOTX might break below the support level and continue its downward trajectory toward the lower support around $0.048.
💎 In the event of a breakdown, it's crucial for #IOTX to bounce decisively from the $0.048 support level, as it represents a critical area for maintaining bullish momentum. Failure to bounce and reclaim the price above the $0.07 support area could result in further downward movement.
💎 A breakout from the current pattern could probability signal a bullish reversal, propelling the price upward toward the strong resistance area.
💎 However, if #IOTX fails to breach the resistance trendline and remains in consolidation around the support area, this could indicate weakness in the bullish momentum. In such a scenario, there's a possibility that #IOTX might break below the support level and continue its downward trajectory toward the lower support around $0.048.
💎 In the event of a breakdown, it's crucial for #IOTX to bounce decisively from the $0.048 support level, as it represents a critical area for maintaining bullish momentum. Failure to bounce and reclaim the price above the $0.07 support area could result in further 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.