$IOTX /USDT Short Trade Setup

$IOTX shows signs of exhaustion after a strong rally, with a sharp rejection near the $0.02146 resistance. The bearish engulfing candle on the 30m chart highlights short-term weakness, setting up for a potential pullback.

Short Trade Setup – IOTX/USDT

• Entry Zone: $0.02110 – $0.02125

• TP1: $0.02085

• TP2: $0.02060

• TP3: $0.02030

• Stop Loss: $0.02155

Technical Note: If price consolidates around $0.02110 without strong buy volume, it suggests distribution. Look to enter on a retest of the upper range for a more controlled setup.