$IOTX / USDT – Uptrend Slowing Down? Reversal Could Be Coming!
Current Price: $0.02016 (+5.77%)
$IOTX has been climbing nicely, but it’s starting to show some cracks. Back-to-back wicks and small candles near the 24H high suggest the momentum might be fading.
What to watch:
Resistance: $0.02060 (24H high), $0.02100
Support: $0.02000 (key psychological level), $0.01950, $0.01850
If price gets rejected around $0.02060 and can’t break higher, we could see a short-term pullback.
Short Setup (if rejection confirms):
Entry Zone: $0.02020 – $0.02060
Take Profits:
TP1: $0.02000
TP2: $0.01950
TP3: $0.01850
Stop Loss: $0.02100
Market Insight:
The rally’s cooling off, and a lower high or bearish engulfing candle could be the first sign of a quick reversal.
Ideal setup for short-term scalps if weakness holds below $0.02050.
Heads up: Use a tight SL and be ready to act fast—momentum can shift quickly in this zone.
Keep your eyes on the chart—this could turn into a solid scalp opportunity.