Accumulating and sending orders are sometimes the same thing. At the $IO level, the long and short tug-of-war is quite interesting. We all know the daily trend doesn’t look very good, but the four-hour timeframe has already started to show itself; structurally, the arrangement is clearly bearish. When I watch the chart, I notice a detail: the rebound strength is getting weaker and weaker. Every time price hits that resistance zone, it gets pushed back down. This clearly indicates that sell pressure overhead is real.
The short-term momentum indicators are still moving lower, but not to an extreme oversold level yet—which means there’s room for the market to probe further downside. Don’t rush to short; wait for a decent rebound, then look to position. At a spot like this, the risk-reward ratio is what we truly should care about.
🔴 Trade Direction: Short
📍 Entry Range: 0.1201849 – 0.1204920
🛑 Stop Loss: 0.1244594
🎯 Take Profit 1: 0.1172476
🎯 Take Profit 2: 0.1151872
🎯 Take Profit 3: 0.1120964
Still water runs deep, hiding far-reaching insight; the market rises and falls with composure.
Walk alongside Fi Jie, and we’ll gauge the surging tides of wealth.
#IO
Click below to trade 👇
The short-term momentum indicators are still moving lower, but not to an extreme oversold level yet—which means there’s room for the market to probe further downside. Don’t rush to short; wait for a decent rebound, then look to position. At a spot like this, the risk-reward ratio is what we truly should care about.
🔴 Trade Direction: Short
📍 Entry Range: 0.1201849 – 0.1204920
🛑 Stop Loss: 0.1244594
🎯 Take Profit 1: 0.1172476
🎯 Take Profit 2: 0.1151872
🎯 Take Profit 3: 0.1120964
Still water runs deep, hiding far-reaching insight; the market rises and falls with composure.
Walk alongside Fi Jie, and we’ll gauge the surging tides of wealth.
#IO
Click below to trade 👇