$IOTX /USDT ā BULLISH BREAKOUT IN PLAY š MOMENTUM FAVORING UPSIDE CONTINUATION
Market Next Move (Explanation):
$IOTX /USDT has broken above its recent consolidation range with strong volume support, indicating renewed buyer interest. Price is holding above key short-term support levels and volatility expansion suggests continuation rather than exhaustion. As long as price remains above the breakout zone, the bullish structure remains intact and further upside is likely.
š Trade Setup (Long Position)
Entry Zone:
ā”ļø 0.00880 ā 0.00895 (pullback towards support)
Targets (TP):
šÆ TP1: 0.00930
šÆ TP2: 0.00985
šÆ TP3: 0.01040
Stop Loss (SL):
ā 0.00830 (below range support & volatility base)
š Technical Highlights
Bullish breakout above range resistance
Strong volume confirms accumulation
Price holding above key intraday support
Bollinger Bands expanding ā trend continuation signal
š Short Market Outlook
remains bullish in the short term as Layer-1/Layer-2 narratives regain momentum. Minor pullbacks are expected but likely to be bought. A breakdown below 0.00830 would weaken the bullish bias and shift momentum sideways.
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