IOTXUSDT since its recent bullish rally, has now finally made a nice healthy correction to previous weekly resistance turned support and is currently potentially forming a new swing low here giving us a good opportunity to load up on spot positions. For a potential leverage entry we need to first see price structure on the daily TF cut back bullish, meaning we need to see a daily close above this level of resistance i have identified. ONLY if we see a daily candle close above this zone and all of our other entry rules are satisfied. On the retest is where we will be looking for entries.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.