$IOTA $IOTA 30m Price Chart Analysis: | finorabot.com - With the current price sitting just below a resistance cluster at 0.0387–0.0392 and multiple bullish indicators, I expect a short-term dip or retest towards the 0.0373–0.0363 demand zone, where buyers could step in.
- If bullish confirmation occurs in the 0.0373–0.0363 area, I expect a push first to 0.0387, then towards 0.0402. The optimal long entry is after seeing rejection wicks or bullish engulfing on lower timeframes within the demand zone. Place your stop-loss below the swing low of the move.
- If price breaks and holds below 0.0363, my bullish bias would change to bearish, targeting the next lower liquidity pools.
- If price closes decisively above 0.0392, a quick move towards 0.0407–0.0418 is likely.
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