IoTeX (IOTX) has shown correction following its recent breakout and substantial rally. We anticipate two levels of support at this point, potentially leading to a resurgence and promising profit opportunities. Considering a long position here could allow us to ride the upward momentum towards the next resistance level indicated on the chart. However, it's crucial to exit if this support falters, employing leverage cautiously between 1x to a maximal 3x, and setting up a stop loss accordingly. Alternatively, monitoring the daily timeframe and exiting based on its fluctuations if this support level is lost could also be a viable strategy. Overall, IoTeX looks poised for a rebound in this scenario.
Note
Good in profit! consider a risk free strategy here and put your stops at entry or lock a portion of your profit here;)Note
Secure your gains by locking them in or seize a 98% profit opportunity here. Sounds fantastic, right?Trade closed: target reached
Done! Done! 130%+ profit on Spot
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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.