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IOTA / TetherUS PERPETUAL CONTRACT

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IOTAUSDT.P trade ideas

📈IOTA Analysis: Short and Long Opportunities in Focus💥🔍Following Bitcoin's recent uptick last night, the concurrent increase in Bitcoin dominance prevented most altcoins from experiencing significant price gains. Instead, many coins traded within a range, with some even witnessing a decrease in value, such as IOTA, which we'll analyze today. 📚While I haven't conducted an in-depth study on the IOTA project yet, it generally operates as a protocol for feeless and permissionless data transfer, actively functioning in this domain. I'll provide more insights into this project once I've conducted thorough research. For now, let's delve into the chart to identify potential entry points. 📈On the 4-hour timeframe, which serves as my primary analysis timeframe for futures, the downward trend is evident, indicating a bearish trajectory. Therefore, with a suitable trigger, we can consider opening short positions. However, initiating long positions on short-term shorts requires higher risk tolerance due to the market's direction. ✨Currently, we are within a support range from 0.2020 to 0.2086, and the price is consolidating within this range to determine whether buyers can maintain this support or if selling pressure will overwhelm them, causing the support to fail. Hence, we need to observe the upcoming developments. If the support breaks, we can expect a target of 0.1719, but if it holds, it may act as a bounce back to the SMA99. 📉For short positions, exert effort to open positions upon the breakdown of 0.2020 and the confirmation of a candle below this level, as this scenario could easily drive the price to 0.1719, offering a favorable risk-to-reward ratio. However, if you're considering long positions, patience is required until the price surpasses the SMA99, followed by identifying a trigger from the candles. The nearest trigger is at 0.2328, but as we're against the trend, consider securing profits at a risk-to-reward ratio of 2 or 3 and leaving some room for a target of 0.2599. 📊Currently, the candle volumes do not provide sufficient data due to recent holidays, with low volumes followed by a sudden increase. Therefore, we need to wait for a few more candles to compare volumes effectively. RSI triggers for long positions cannot be specified due to the timeframe limitation, as price movement towards the range high can significantly alter the RSI structure, rendering the triggers meaningless. However, for short positions, you can consider the breakdown of 27.22 as confirmation. 📝In conclusion, the analysis of IOTA presents both short and long trading opportunities, contingent upon market dynamics and price movements. While the current downtrend suggests potential short positions, traders should exercise caution and wait for confirmatory triggers, particularly a breakdown below the support range of 0.2020 to 0.2086. Conversely, for long positions, patience is advised until the price surpasses the SMA99, followed by identifying suitable triggers. It's essential to maintain a disciplined approach, considering risk management strategies and closely monitoring candle volumes for a comprehensive assessment of market sentiment. As always, adaptability and readiness to adjust trading strategies in response to evolving market conditions remain paramount for successful trading endeavors. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
IOTA/USDT BREAKOUT! READY FOR A PUMP🚀In the 4-hour time frame, IOST has broken out of this falling wedge pattern and is currently bouncing after retesting this pattern. If we look at it on a higher time frame like daily, we can see bullish divergences in the RSI. This seems like a solid choice. Its strong tokenomics and competent team make it a promising asset. The chart indicates the potential for significant growth in the next few weeks. Entry: Current Market Price (CMP) and add more up to $0.22 Target: According to the pattern, we can expect up to a 50% to 70% bounce in the price. Remember to do your own research. NFA #Crypto FWB:IOTA
Long
by CRYPTOMOJO_TA
1
IOTA/USDT In the crucial support area, it requires to bounce!💎 IOTA has indeed showcased notable market dynamics recently. It's currently bouncing from a support area, suggesting a potential upward movement to test the supply area. 💎 If it successfully breaks through the supply area, it could pave the way for a return to the strong resistance zone. 💎 However, if IOTA fails to hold the support area and breaks down, it could indicate a bearish momentum. 💎 In such a scenario, the price may continue its downward trajectory, potentially reaching lower levels. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
Beauty of Characteristic feature of Emas & Smas1. Ema 100 crossing up sma 100 2. Ema 200 crossing up sma 200 3. Ema 365 crossing up sma 365 4. Then, ema100 & sma100 crossed above ema sma365 with a pullback & bounce, during this candles fall below ichimoku green cloud 5. Now, ema 200 & sma200 crossing above ema sma365, pullback is starting & the bounce will occur, candles are coming below Green Cloud, 6. Since the lower MAs cutting & raising above the higher MAs, & the bullish cycle is live..... after this halving, every crypto should/must move higher 7. The bullish momentum resumes
Long
by ogcheckers
IOTA/USDT It need to bounce on the demand for back to upward!💎 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.
by MyCryptoParadise_Nathan
Alikze → #IOTA | Forming a bullish flag patternIn the daily time, a flag can be seen in the medium-term ascending channel. Meanwhile, the current bullish log has also formed a flag that should probably break this resistance range. The corrective structure is a three-wave that has returned 1.272 waves and now it is highly likely that a new floor should not be built. Therefore, the created floor is valid for the specified targets. 🟩Sup: 0.19 ~ 0.1963 ⛳️Tp 1:0.293 ⛳️ Tp2 : 0.39 ⛳️ Tp2 : 0.44 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
12
IOTA breaking long-term trendlineContext: BTC continues to show strength. To be honest, I've been waiting at lower prices below 40K to open Longs. But this didn't happen. BTC breaking 53K implies that 58K or even higher prices would be reached quite shortly. IOTA set-up: With the above reason, I openned a LONG position for IOTA with targets (blue lines) and invalidation condition (red line). Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Long
by evasivesteering
2