$IOST Poised for a Drop? Wait for the Rejection! 📉
$IOST is up 6.68% but sitting right in the middle of its daily range, signaling a potential trap.
We are watching the $0.002000 to $0.002020 zone as critical short-term resistance. If
$IOST fails to punch through here and shows clear rejection, the downside opens up fast.
Short Setup Confirmation Needed: Wait for rejection at resistance.
Entry Trigger: Price fails to hold above $0.002020.
Target Zone: $0.001855 down to $0.001808.
Stop Loss: Firmly above $0.002030.
Volume is the key validator here; a massive surge near $0.0020 with price action means the short idea is toast. Proceed with caution. 🧐
#CryptoTrading #Altcoin #TechnicalAnalysis #IOST