【$IOTA Signal】Pullback to Long + 4H Breakout Confirmation

$IOTA The 1H timeframe is currently in a healthy pullback after a strong rally, with the price supported near the midpoint of the 4H large bullish candle. The 4H level has clearly broken above the previous consolidation zone upper boundary (0.068) with increased volume, indicating a trend reversal to bullish. The current 1H price retracement to EMA20 (0.0701) resonates with the 4H breakout level, providing an excellent second entry opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0702 - 0.0705 (Reason: 4H breakout retest confirmation + 1H EMA20 dynamic support )

🛑Stop Loss: 0.0692 (Reason: Break below the previous high of 0.069 on the 4H and ATR lower band )

🚀Target 1: 0.0725 (Reason: Previous high resistance level, also the 1H Fibonacci 0.618 extension level )

🚀Target 2: 0.0745 (Reason: 4H wave 1.618 extension level )

🛡Trade Management:

- Position Size Suggestion: Standard position (Reason: Effective 4H breakout, clear 1H retracement structure, risk-reward ratio >1.5 )

- Execution Strategy: After reaching 0.0725, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0705. If the price strongly breaks above 0.0725 and stabilizes, hold the remaining position to target the second profit level.

Deep Logic: In the past 24 hours, the price has increased by nearly 8%, with volume and price rising together. The key point is that open interest (OI) remains stable and has not decreased with the price retracement, indicating strong bullish positions. Market depth shows large buy orders accumulated in the 0.070-0.0695 range (over 3 million USDT), forming a strong support wall. The 1H RSI (59) has healthy retraced from overbought territory, preparing for another upward move. Market logic suggests a price increase, supported by stable OI, indicating main force entry rather than purely short covering.

View real-time quotes 👇 $IOTA

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