$IOTA is still showing strength and the bias remains bullish.

Price already pushed out of the 0.0370 to 0.0380 zone and right now it is holding above MA5, MA10, and MA20. All three moving averages are stacked to the upside, which tells you buyers are still in control and momentum hasn’t flipped.

After that sharp rally, $IOTA is now cooling off and building energy sideways between 0.0391 and 0.0393. That kind of pause after a strong move is healthy. As long as volume doesn’t collapse here, this consolidation is setting up the next leg.

The next wall to watch is 0.0397 to 0.0400. If we get a 1 hour candle close above 0.0400 with solid volume behind it, the door opens for 0.0415 to 0.0420 as the next target zone.

For entries, you have two clean options. You can take a position on strength above 0.0388 to 0.0390, or be patient and wait for the confirmed breakout over 0.0400 for a safer entry. Risk management matters here. Keep your stop below 0.0382. Lose that level and price will likely drop back to retest 0.0375.

Bottom line: trend is still up, structure is solid, and buyers are defending the higher levels. No need to chase or FOMO on one big green candle. Let the chart do the work. Wait for the accumulation to finish or the breakout to confirm, and you’ll get a much better risk to reward.

$IOTA