【$IOTA Signal】Long - 1H breakout pullback confirmation, clear signs of main force supporting the market

$IOTA The 1H timeframe is currently in a healthy pullback confirmation stage after breaking above EMA20. The 4H timeframe has already formed a bullish engulfing pattern, with the price above EMA20, indicating a shift from weak to strong trend. The key point is: when the price rises, open interest (OI) remains stable, suggesting market logic of ‘main force entering or shorts being squeezed out’. Combined with the order book showing buy orders significantly thicker than sell orders (depth imbalance of 13.53%), this is a typical signal of support and accumulation.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0675 - 0.0678

🛑Stop Loss: 0.0662

🚀Target 1: 0.0695

🚀Target 2: 0.0710

🛡️Trade Management:

- Execution Strategy: After the price reaches 0.0695 (Target 1), reduce position by 50%, and move the remaining stop loss up to the entry price of 0.0678. If the price strongly breaks through 0.0710, move the stop loss up to 0.0695 to aim for greater gains.

Depth Logic: The 1H RSI (60.61) is in a healthy bullish zone with room to rise. On the 4H level, the price has broken above the recent consolidation upper boundary (0.0669) and stabilized above EMA20 (0.0673). Most importantly, during the price increase, OI remains stable rather than decreasing, negating the idea of a purely short covering rally and indicating new bullish funds entering. The order book shows buy orders accumulated in the 0.0668-0.0678 range, forming a strong support cushion, providing a low-risk entry point for short-term trading.

View real-time market 👇 $IOTA

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