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$IO Technical analysis and calculated buying opportunity
🔹 Current entry price: 0.17
🎯 Expected targets:
First target: 0.185
Second target: 0.198
Third target: 0.215
🛑 Stop loss: 0.155 (breaking this means immediate exit)
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The price at 0.17 is close to a major support, providing an excellent Risk/Reward trade for buying.
📊 Technical indicators (brief and professional):
✔ RSI
In the neutral zone → no overbought conditions
This means there is room for upward movement without selling pressure.
✔ MACD
Approaching a positive crossover (Bullish Crossover)
Typically signifies the beginning of a short to medium-term upward wave.
✔ Trading volume
Stable without weakness → indicates a consolidation phase.
✔ Short-term trend
Strong rebound from support with a Higher Low formation → a signal that buyers are in control.
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💡 Important trading advice
Do not enter with all your capital at once.
Implement a buying division:
50% at 0.17
30% on any drop towards 0.165
20% as a reserve if a downward wick occurs before the rebound
This strategy protects you from volatility and improves the average purchase price.
⚠️ Very important alert
Breaking 0.155 and closing below it → completely cancel the idea
At that time, the stock may go to 0.145 or lower.
#IO #IOTX #TradingCommunity #TradingSignals #tradingtechnique $SOL
