The 1H timeframe is forming a narrow triangle convergence between 0.0686-0.0693, with price tightly hugging the 1H EMA20$IOTA 0.0692(, and volatility compressed to the limit. The 4H timeframe remains in a weak oscillation within a downtrend channel, but open interest)OI( remains stable, with no signs of panic outflows. The market is waiting for a direction to be chosen. The 1H RSI)48.38( is neutral, and a breakout is imminent.
🎯 Direction: Wait and See ) Dual-sided Pending Orders (
🚀 Long Target 1: 0.0705 ) Reason: Previous small cycle high resistance on the 4H timeframe (
🚀 Long Target 2: 0.0715 ) Reason: Resistance at 4H EMA50 and previous high region (
🛡️ Trading Management:
- Position Size Suggestion: Light Position ) Reason: Market direction unclear, preemptive lurking (
- Execution Strategy: When either pending order is triggered, the other is automatically canceled. After reaching Target 1, move stop loss to entry price. If price quickly reverses and hits stop loss, abandon this trade and wait for the next signal.
Depth Logic: Market depth shows significant buy-side accumulation below 0.068, indicating potential support. The buy/sell ratio on the latest candle jumps to 0.70, showing active local buying. Despite the overall 4H trend being bearish, the extreme convergence on the 1H timeframe combined with stable open interest)OI$IOTA is a typical pre-breakout sign. We do not make predictions, only contingency plans, letting the market choose its direction. We just follow.
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【$IOTA Signal】Dual-sided Pending Orders Lurking! 1H Triangle Convergence Nearing Breakout
The 1H timeframe is forming a narrow triangle convergence between 0.0686-0.0693, with price tightly hugging the 1H EMA20$IOTA 0.0692(, and volatility compressed to the limit. The 4H timeframe remains in a weak oscillation within a downtrend channel, but open interest)OI( remains stable, with no signs of panic outflows. The market is waiting for a direction to be chosen. The 1H RSI)48.38( is neutral, and a breakout is imminent.
🎯 Direction: Wait and See ) Dual-sided Pending Orders (
⚡ Breakout Long Entry: 0.0695 ) Reason: Valid breakout above 1H triangle upper boundary and EMA20 resistance, confirming short-term bullish momentum (
⚡ Pullback Long Entry: 0.0682 ) Reason: Testing recent strong support zone and dense trading area on the 4H timeframe (
🛑 Long Stop Loss: 0.0675 ) Reason: Breaking below key support, structure breakdown (
🚀 Long Target 1: 0.0705 ) Reason: Previous small cycle high resistance on the 4H timeframe (
🚀 Long Target 2: 0.0715 ) Reason: Resistance at 4H EMA50 and previous high region (
🛡️ Trading Management:
- Position Size Suggestion: Light Position ) Reason: Market direction unclear, preemptive lurking (
- Execution Strategy: When either pending order is triggered, the other is automatically canceled. After reaching Target 1, move stop loss to entry price. If price quickly reverses and hits stop loss, abandon this trade and wait for the next signal.
Depth Logic: Market depth shows significant buy-side accumulation below 0.068, indicating potential support. The buy/sell ratio on the latest candle jumps to 0.70, showing active local buying. Despite the overall 4H trend being bearish, the extreme convergence on the 1H timeframe combined with stable open interest)OI$IOTA
is a typical pre-breakout sign. We do not make predictions, only contingency plans, letting the market choose its direction. We just follow.
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