$IOTX /USDT BEARISH SETUP WITH POTENTIAL DOWNSIDE
The $IOTX/USDT pair is under bearish pressure, trading below the MA(7), MA(25), and MA(99), confirming a downtrend. The MACD supports this view with negative DIF and DEA values signaling continued weakness.
Short Entry: Enter short positions on a confirmed break below 0.03070 support.
Targets: 0.03000 initial target, 0.02950 extended target.
Stop Loss: Set above 0.03120 to limit downside risk.
Risk Management: Control risk by risking 1-2% of trading capital per trade and applying tight stop losses to protect capital during volatile moves.
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