IOSTBTC (IOST) - POTENTIAL BUY ENTRY

ANALYSIS 🔎
- IOSTBTC is supported by the ascending trendline support (ATS).
- The market hit a swing high and retraced.
- The retracement is resisted by the descending trendline resistance (DTR).
- Price is testing the ascending trendline support and key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- There's an uptrend continuation possibility.

BUY ENTRY ⬆️
- Aggressive entry : breakout above the horizontal resistance level (R1).
- Conservative entry : breakout above the descending trendline resistance (DTR).

TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support (ATS) and horizontal support level (S1).