$IOTA /USDC BEARISH TRADE SETUP – WEAK STRUCTURE BELOW RESISTANCE

Current Price: $0.1545

24h Range: $0.1505 – $0.1561

Volume: IOTA – 1.58M | USDC – 242K

Technical Insight:

IOTA is struggling to gain bullish momentum, hovering just under the key resistance zone at $0.1600–$0.1650. The trend remains weak with lower highs forming, and price is losing strength near the upper boundary of its current range. A rejection here may trigger downside continuation.

Key Levels:

Resistance: $0.1600 / $0.1650

Support: $0.1510 / $0.1470 / $0.1430

Trade Setup (Short):

Entry: $0.1545 – $0.1560

TP1: $0.1510

TP2: $0.1470

TP3: $0.1430

SL: $0.1605

Risk Management:

Limit exposure to 1–2% of capital. After TP1, consider adjusting stop loss to breakeven. Weak volume near resistance suggests selling pressure may return—wait for confirmation and follow momentum.

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