Price just bounced on the 200-periods (green line) and is now testing the resistance line.
The looks like it is curving up and the shows a divergence (in spite of a lower low in the price, the shows an higher low).
This indicates a reversal of the current trend (which, in a small time frame, is ).
If price manages to break past the resistance line of the (in yellow) and closes above the point where the 50 and 100 periods moving averages are converging (about 0.00024 BTC ), I believe price will shoot up again (my conservative target is at the 78.6% Fib. retracement of the previous run, at 0.00037 BTC , but price might revisit the previous high at 0.00045 if not go higher, I will not sell all my position).
An entry point, if you want to buy the dip, could be if the price was to on the 23.6% Fib. retracement at 0.000169-0.000170 BTC , where also there would be support coming from the and the 200 periods .
If you like entering trades when price breaks above a resistance, I'd say a good entry point is just above the 0.00024 level.
I am not going to put stop-losses on this trade.
I like IOTA in a fundamental way, and if price was to go lower, I'll just buy more of it once it hits previous support at 0.000083 BTC .
This is not financial advice, this is just my opinion. Any comment is appreciated.