$IO /USDC BULLS LOSING STEAM – LOWER HIGH CONFIRMED
REJECTED FROM $0.767
PRICE TRADING BELOW MA(25)
WEAK CANDLE CLOSES SHOW BEARISH CONTROL
$IO /USDC failed to hold the breakout and is now forming a clean lower high pattern. Trading below the MA(25) and MA(7) crossover signals a bearish continuation setup.
🔴 Short Trade Setup:
Entry Zone: $0.714 – $0.718
Take Profit (TP): $0.698
Stop Loss (SL): $0.728
Market Outlook:
Unless bulls reclaim $0.728 soon, the chart suggests further downside towards the 99MA support level.
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