$IOTX – SHORT TRADE SIGNAL AFTER PARABOLIC SPIKE REJECTION

STRONG REJECTION FROM 0.02987

LOWER HIGH FORMED NEAR 0.02680

After a sharp vertical rally from $0.02223 to $0.02987, $IOTX saw a swift rejection with back-to-back red candles. Price is now forming lower highs, suggesting weakening bullish momentum and a potential mean reversion move. If price loses support at $0.0252, further downside could accelerate.

Trade Setup:

Short Entry: $0.0256

Targets: $0.0248 / $0.0236

Stop Loss: $0.0265

Outlook: Weak bounce attempt failed to break resistance. Downside likely if selling volume increases.

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