Something is changing in the market.
The silence before the storm is usually not loud. It is visible through volume, rotation and the way buyers begin appearing on pullbacks. IOTA is now showing one of the stronger combinations on the current gainers board.
IOTA is trading around 0.0545 with a 24 hour gain of 9 percent. Current market data shows approximately 33 million dollars in 24 hour volume, with reported volume growth of more than 275 percent.
That volume expansion is important.
Price can rise on thin liquidity and then collapse just as quickly. When volume expands alongside price, however, the move deserves closer attention.
The broader market is also becoming more interesting. Bitcoin dominance is around the high 50 percent area and has recently moved lower on the seven day timeframe. That suggests capital distribution is changing, although it is still too early to assume that every altcoin will participate equally.
IOTA has already pushed strongly from its recent lows, so the next move should be watched carefully rather than chased blindly.
The first support zone I am watching is 0.0515 to 0.0530. If that region holds during a pullback, momentum could remain intact. The next confirmation would come from reclaiming and holding above 0.0550.
EP: 0.0535 to 0.0550
TP1: 0.0585
TP2: 0.0620
TP3: 0.0670
SL: 0.0500
The market is heating up, but the real opportunity comes when a strong move creates a strong support base underneath it.
I am ready for the move, but I want confirmation from price and volume.
#US yield curve near inversion
