โ ๏ธ $IOTX /USDT โ Short Trade Signal! ๐๐งจ
$IOTX is flashing clear weakness after a strong rally. A sharp rejection from the $0.02146 high, combined with a bearish engulfing candle on the 30m chart, suggests a cool-off or pullback phase may be starting.
๐ Short Trade Setup โ IOTX/USDT
๐ป Entry Zone: $0.02110 โ $0.02125
๐ฏ TP1: $0.02085
๐ฏ TP2: $0.02060
๐ฏ TP3: $0.02010
๐ซ Stop Loss: $0.02155
๐ง Strategy Insight:
This is a fade-the-rally setup after signs of exhaustion. The bearish candle formation near a local high shows that buyers are losing steam. As long as price remains below $0.02130, bears are in control.
Watch for low-volume bounces to enter short safely โ use a tight SL to protect against any sudden spikes. Profit-taking is staggered across support zones for maximum efficiency.