IOTA is trying to bounce off the critical support at $0.9150, which is also the probable bottom of the large range.
On the upside, the IOTA/USD pair will face resistance at the 20-day EMA and the downtrend line.
Our suggested long position is deep in the red and will be out of danger only above $1.25 levels. Our assumption of a large range will be invalidated if the bears force a breakdown below the June 24 lows. Therefore, please close the position if the price sustains below $0.8850.