Technical analysis by aliaezaaz about Symbol IOTX: Buy recommendation (4/5/2025)

📊 Technical Breakdown 📈 Pattern: Falling Wedge (Bullish Reversal) The price broke out of a falling wedge, a bullish reversal pattern. Wedge breakout occurred with a slight increase in volume and RSI confirmation, indicating momentum shifting towards bulls. 💵 Entry Level Marked near 0.01838 USDT, right at the breakout level from the wedge. 🎯 Target (Take Profit) Highlighted at 0.02041 USDT This aligns with a previous resistance level — a sensible target if the breakout continues to gain strength. 🛑 Stop Loss (SL) Positioned at 0.01790 USDT Just below recent lows and the lower wedge boundary — a reasonable risk management level. 📉 RSI Indicator RSI shows bullish divergence, indicating upward momentum building while the price was declining. RSI is heading upward, nearing the mid-50 level, supporting further bullish movement if it breaks above 60. ✅ Summary: Trade Setup ParameterValue Entry0.01838 USDT Stop Loss0.01790 USDT Take Profit0.02041 USDT Risk/RewardApprox. 1:4Stops at breakeven.Falling Channel high has been breached. Consider booking some profit