IOTUSDIota has been on a longterm downtrend just as the rest of the altcoins and suffered severe losses in Value.
It managed to bounce a little after the current drop, to $0.57.
The maximum bounce on this current run we see about $0.64 where it will be hitting the 0.5 fib retracement.
That would be a good area to sell/short iota.
Targets are the two redline support levels at $0.39 and $0.26 which are the longterm buy areas for IOTA.
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