⚠️ $IOTX / USDT Bearish Rejection, Short Setup Active 📉

$IOTX pumped into $0.028 but faced heavy resistance strong red candles now point to downside momentum building fast. Price currently at $0.02547, hovering just above key support.

📍 Short Trade Setup • Entry Zone: $0.02550 – $0.02600

• TP1: $0.02490

• TP2: $0.02440

• TP3: $0.02380

• SL: Above $0.02760

📊 Technical Breakdown • Resistance: $0.02750 – capped the last push

• Support: $0.02480 – $0.02400 → likely retest zone

• Structure: Lower highs forming with rejection wicks bears in control

🧠 Insight Momentum is fading and volume is drying near highs look for a clean break below $0.02540 for confirmation. Let the price show weakness before entering. Controlled risk, solid setup.