🚀 $IOTX Trade Setup: Ascending Triangle Breakout 🚀
Looking at the 1H chart, $IOTX is forming a classic bullish pattern. Strong buying pressure is visible along the ascending blue trendline, creating consistent higher lows. Price is now testing a key horizontal resistance zone (red box) near the 0.00480 level. This tightening range suggests a strong chance of an upside breakout as buyers continue absorbing sell pressure.
Here is a high-probability setup to capture the potential $IOTX breakout:
📈 Direction: LONG
⚙️ Leverage: 10x – 15x
🎯 Entry Zone: 0.00470 – 0.00475 (Current price or scaling on a minor dip toward the trendline)
💰 Take Profit Targets (TP):
TP1: 0.00490 (Immediate 24h high test)
TP2: 0.00500 (Psychological resistance and momentum level)
TP3: 0.00520 (Extended structure target on upper range)
🛡️ Stop Loss (SL): 0.00450
(Placed below the ascending support and recent higher-low. A breakdown under this level invalidates the bullish setup, so exiting the trade is recommended.)
#JaneStreet10AMDump #MarketRebound
