IOTAUSDT Daily S/R| Price Action| Trend| Support

Evening Traders,

Today’s analysis – IOTAIUSDT- trading at a local resistance where a pull back into support is probable,

Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Low Volume
- RSI Neutral

IOTAUSDT’s immediate price action is impulsive, a corrective into the Daily Support allows for a bullish entry.

The current volume profile is below average, an influx is needed for a strong trend continuation.

The current RSI is netrual, remaining in its bullish control territory is indicative of strength.

Overall, in my opinion, IOTAUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis help,

Thank you for following my work

And remember,

“Never let a win go to your head, or a loss to your heart.” – Chuck D.