IOSTUSDT (IOST) - UPTREND CONTINUATION

ANALYSIS 🔎
- IOSTUSDT bounced off the ascending channel support and brokeout above the descending trendline resistance (1).
- Price is heading to the ascending channel resistance.
- Price is undergoing a minor retracement to the key fibonacci retracement levels.
- We could see an uptrend continuation from those key levels.
- The minor retracement is resisted by the descending trendline resistance (2).

BUY ENTRY ⬆️
- Aggressive (risky) : fibonacci retracement levels.
- Conservative : breakout above the descending trendline resistance (2).

TARGETS 🎯
- Swing high
- Fibonacci extension levels

SETUP INVALIDATION ❌
- Breakdown below the ascending channel support.