I believe Iota is in the middle of a wedge, if it can't break resistance it will fall through the support level to the critical retracement level. In my opinion, it will break the resistance because of the trend line, also Iota has over 11billion market cap. However, if it happens to not break and falls through a good buy in time would be on the critical retracement level.
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So far so good!
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So far the old resistance became new support, holding out well! I believe the first stop is 5.60$