$IOST — WHEN THE TRIANGLE MEETS, THE NEXT MOVE COULD BE HUGE!
Price is up almost 80% in the past 24 hours and now the price is moving inside a rising triangle/wedge pattern.
Current price is around 0.001475, with the recent high at 0.001541.
The price is making higher lows, showing that buyers are still stepping in. But it’s also approaching the upper trendline resistance, so the next reaction is very important.
If IOST breaks above 0.00154 with strong volume, we could see the next expansion toward 0.00165, 0.00175, 0.00185, 0.0020.
If price gets rejected, watch the lower trendline for support. A healthy pullback that holds the structure could give another opportunity before the next move.
But if the lower trendline breaks, momentum could cool down and price may revisit 0.00130, 0.00120, 0.00100.
After such a massive pump, don’t blindly chase green candles. Watch how price reacts when these two trendlines come closer. The breakout direction and volume will be key.
Trade the breakout, not the excitement!
Price is up almost 80% in the past 24 hours and now the price is moving inside a rising triangle/wedge pattern.
Current price is around 0.001475, with the recent high at 0.001541.
The price is making higher lows, showing that buyers are still stepping in. But it’s also approaching the upper trendline resistance, so the next reaction is very important.
If IOST breaks above 0.00154 with strong volume, we could see the next expansion toward 0.00165, 0.00175, 0.00185, 0.0020.
If price gets rejected, watch the lower trendline for support. A healthy pullback that holds the structure could give another opportunity before the next move.
But if the lower trendline breaks, momentum could cool down and price may revisit 0.00130, 0.00120, 0.00100.
After such a massive pump, don’t blindly chase green candles. Watch how price reacts when these two trendlines come closer. The breakout direction and volume will be key.
Trade the breakout, not the excitement!
