$IO FIGHTING TO RECLAIM SUPPORT – WILL BUYERS SUSTAIN THE BOUNCE?
$IO is trading at $1.087, down -5.40%, after sliding from a daily high of $1.210. Price is attempting to recover off its 24H low, but resistance levels overhead must be cleared for a real shift in momentum
Key Levels to Watch
Resistance:
• $1.097
• $1.112
• $1.135
Support:
• $1.070
• $1.050
Trade Setup – Rebound or Bear Flag?
Bullish Entry:
Break above $1.097 could lead to:
• TP1: $1.112
• TP2: $1.135
Bearish Entry:
Drop below $1.070 may extend toward:
• TP1: $1.050
• TP2: $1.020
Stop-Loss:
• Longs: Below $1.068
• Shorts: Above $1.098
$IO is attempting to stabilize after heavy selling. If bulls can flip $1.097 into support, the short-term trend may shift bullish. Otherwise, a break below $1.070 could open the next leg lower.
