$IO EXPLODED +28%—BUT IS IT HOLDING STRONG OR FADING FAST?
$IO is trading at $0.928 after a massive +27.82% surge, cooling off from a high of $1.200. Price is now consolidating tightly in a pullback range—setting up for either a second wave or deeper retracement.
Key Levels to Watch
• Resistance Zone: $0.990 – $1.020 — Reclaiming this range could spark another upside rally.
• Support Zone: $0.890 – $0.910 — A breakdown here may trigger profit-taking toward lower levels.
Trade Setup – Retest in Progress
Bullish Scenario:
• Entry: Above $0.990
• TP1: $1.080
• TP2: $1.150
Bearish Scenario:
• Entry: Below $0.890
• TP1: $0.840
• TP2: $0.785
Stop-Loss: Longs below $0.910; shorts above $1.000.
$IO’s momentum is cooling—but the range is tight, and the next breakout could be just as sharp as the last one!