IOTA idea is long after the breakout of the descending channel

16 ene 2024

💡💡💡#UNSTOPPABLE_INVEST💡💡💡
IOTA

This is my second investment idea for 2024. IOTA broke through the descending channel that it has been under for more than a year and a half. And it flew up through the retest of this channel. By the way, I gave the idea on this breakthrough earlier and it worked out completely, giving more than 200% profit. Now it's time to invest in this coin. Moreover, if you look at the monthly timeframe, you can see that the downtrend has turned through a double bottom and we are already in an uptrend.

I would buy completely at the current price, but I am very confused by the double top on the weekly timeframe, which I expect to work out in order to buy lower. And Bitcoin has something similar. Therefore, I believe the cryptocurrency has not completed its correction yet. I took 10% at the current price so that I would not be tormented by FOMA in case of a flight up from the current ones. All levels of purchases and takeprofit are shown in the screenshot. There is a red dotted line at the bottom, this is a possible minimum in case of force majeure in the market.

▶️ BUY NOW (10%)
▶️ BUY 0.182$ (80%)
▶️ BUY 0.157$ (10%)
⚡️Lv x2 / Spot

#INVEST2024_IOTA