$IO /USDT ā Short Opportunity After Overextension! š»
Current Price: $1.029 (+11.73%)
$IO has rallied from $0.895 to $1.062 in a vertical move and now shows early weakness on the 30M chart ā a classic short-term overbought reversal setup.
Short Trade Setup:
Entry Zone: $1.035 ā $1.045
TP1: $1.010
TP2: $0.985
TP3: $0.950
Stop Loss: $1.065
Resistance Levels:
$1.062 (24H high)
$1.070 (potential wick trap zone)
Support Zones:
$1.010 (previous consolidation)
$0.950 (volume base)
Market Insight:
The momentum is fading and the last few candles show rejection at the highs with lower closes. Price is likely to revisit support as early longs take profit.
Pro Tip:
Let the next bounce toward $1.04ā$1.05 fill before entering. Use tight stop-loss as volatility is high!
A clean mean-reversion short setup ā perfect for intraday scalpers!
#MarketRebound #TrumpTariffs #SaylorBTCPurchase #WhaleJamesWynnWatch #Bitcoin2025