$IOTA USDT is showing a bullish pullback setup after a strong breakout and liquidity sweep from the $0.0543 area. Buyers have reclaimed the $0.0570–$0.0580 region, but with price already testing the $0.0621 daily high, chasing the pump is higher risk.
The cleaner setup is to wait for a retracement into the breakout/retest zone, where buyers can prove support. A sustained rejection below $0.0557 would weaken the bullish structure.
EP: $0.0575–$0.0583
TP1: $0.0608
TP2: $0.0620
TP3: $0.0640
SL: $0.0557
The $0.0543–$0.0550 area acted as the recent downside liquidity zone, while $0.0621 is the immediate resistance/liquidity high. The setup is invalidated if IOTA loses $0.0557 with acceptance below it; otherwise, a successful retest of $0.0575–$0.0583 keeps the risk/reward favorable without blindly chasing the +17% move.
The cleaner setup is to wait for a retracement into the breakout/retest zone, where buyers can prove support. A sustained rejection below $0.0557 would weaken the bullish structure.
EP: $0.0575–$0.0583
TP1: $0.0608
TP2: $0.0620
TP3: $0.0640
SL: $0.0557
The $0.0543–$0.0550 area acted as the recent downside liquidity zone, while $0.0621 is the immediate resistance/liquidity high. The setup is invalidated if IOTA loses $0.0557 with acceptance below it; otherwise, a successful retest of $0.0575–$0.0583 keeps the risk/reward favorable without blindly chasing the +17% move.
