⚠️ $IOTX / USDT Facing Rejection – Bearish Setup in Play 📉
$IOTX spiked up to $0.028 but got slammed by strong resistance, triggering heavy sell pressure. The price has pulled back to $0.02547, hovering just above crucial support as downside momentum picks up.
📍 Short Trade Setup
• Entry Range: $0.02550 – $0.02600
• Target 1: $0.02490
• Target 2: $0.02440
• Target 3: $0.02380
• Stop Loss: Above $0.02760
📊 Technical Snapshot
• Resistance: $0.02750 – halted the previous rally
• Support Zone: $0.02480 – $0.02400 – likely to be retested
• Market Structure: Lower highs with clear rejection wicks — sellers taking the lead
🧠 Trading Insight
Momentum is cooling off and volume is thinning near the highs. Watch for a clean breakdown below $0.02540 for confirmation before entering. Patience is key — let weakness confirm your entry. Manage risk wisely in this promising short setup.