$IOTA down 99.5% from 2017 ATH. Classic crypto graveyard story.
Lesson: Never marry your bags. Book profits or get wrecked.
Recent price action: Bounced ~101% from July 2024 low of $0.031. Now testing critical HTF resistance at $0.067.
Bullish scenario: Clean break above $0.067 with sustained acceptance = potential macro reversal in play.
Upside targets if it rips: $0.19 → $0.45. That's 5x-10x territory, but pure speculation.
My play: Not chasing this pump. Waiting for confirmed breakout, then looking for a Higher Low retest in the $0.042-$0.032 zone for better R/R entry.
Invalidation: HTF close below $0.031 kills the setup.
Can $IOTA pull a phoenix? Time will tell.
NFA. DYOR.
Lesson: Never marry your bags. Book profits or get wrecked.
Recent price action: Bounced ~101% from July 2024 low of $0.031. Now testing critical HTF resistance at $0.067.
Bullish scenario: Clean break above $0.067 with sustained acceptance = potential macro reversal in play.
Upside targets if it rips: $0.19 → $0.45. That's 5x-10x territory, but pure speculation.
My play: Not chasing this pump. Waiting for confirmed breakout, then looking for a Higher Low retest in the $0.042-$0.032 zone for better R/R entry.
Invalidation: HTF close below $0.031 kills the setup.
Can $IOTA pull a phoenix? Time will tell.
NFA. DYOR.
