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 LevelMarked near 0.01838 USDT, right at the breakout level from the wedge.🎯 Target (Take Profit)Highlighted at 0.02041 USDTThis aligns with a previous resistance level — a sensible target if the breakout continues to gain strength.🛑 Stop Loss (SL)Positioned at 0.01790 USDTJust below recent lows and the lower wedge boundary — a reasonable risk management level.📉 RSI IndicatorRSI 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 SetupParameterValueEntry0.01838 USDTStop Loss0.01790 USDTTake Profit0.02041 USDTRisk/RewardApprox. 1:4Stops at breakeven.Falling Channel high has been breached. Consider booking some profit