$IOST at a crossroads! Will the support levels hold?
A corrective wave hits the currency 📉
After a period of strong rise, the IOST currency is now experiencing a corrective wave, as its price declines with an increase in selling volume. This behavior raises concerns among traders who are closely monitoring key support levels.
What should you do? 🧐
📌 Monitor the support: The level of $0.004050 is considered a critical support point. Any break below this level could open the door for further declines.
📌 Wait for confirmation: Don't rush into decisions. Wait for a clear signal of price rebound and confirmation of new buyers before considering entry.
📌 Risk management: Always ensure to set a stop-loss order at $0.004030 to protect your capital from sudden fluctuations.
