$IO LONG
If we calmly analyze the current situation for $IO, we can see that the price has retraced exactly to a highly relevant support zone where institutional buyers had previously defended their positions quite firmly. This suggests that the market is slowly accumulating while absorbing all available sell orders, creating the perfect setup for the price to recover lost ground and begin a sustained new upward move over the next few hours of the session.
Entry: 0.1777 TP1: 0.1839
TP2: 0.1919
SL: 0.1714
If we calmly analyze the current situation for $IO, we can see that the price has retraced exactly to a highly relevant support zone where institutional buyers had previously defended their positions quite firmly. This suggests that the market is slowly accumulating while absorbing all available sell orders, creating the perfect setup for the price to recover lost ground and begin a sustained new upward move over the next few hours of the session.
Entry: 0.1777 TP1: 0.1839
TP2: 0.1919
SL: 0.1714