$IOTX

– PARABOLIC SPIKE DUMPED HARD, BEAR FLAG IN FORMATION

FAILED TO HOLD ABOVE $0.02987

GRINDING LOWER WITH WEAK BOUNCES

$IOTX printed a rapid vertical spike to $0.02987 followed by an equally aggressive sell-off, forming a classic blow-off top. Current price action is consolidating below $0.02650 in a tight bear flag, with repeated lower highs. Momentum is fading, and unless bulls reclaim $0.02700+, downside continuation is likely.

Short Trade Setup:

• Entry: $0.02580 – $0.02650

• Stop Loss: $0.02720

• Target 1: $0.02440

• Target 2: $0.02310

• Target 3: $0.02230

Breakdown below $0.02520 may trigger high-volume selloff. Bearish continuation expected unless reclaimed above key resistance.

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