iostshort

🚨 $IOST /USDT – MASSIVE OVERBOUGHT PUMP READY TO COOL DOWN? 🚨
$IOST just pulled a massive vertical surge (+26%+ today), running straight from $0.000806 to a high of $0.001326! But look at that RSI sitting at a blazing 87.4 on the daily chart—this move is severely overextended, standard for a quick short squeeze exhaustion.
When a chart stretches this far above its EMA lines (EMA 7 is all the way down at $0.000867), a strong mean-reversion pull-back usually follows!
📉 SHORT SCALP SETUP
* Entry Zone: $0.001210 – $0.001280 (Look for rejection candles near local resistance)
* Target 1: $0.001080 (Quick profit lock)
* Target 2: $0.000980 (EMA support region)
* Target 3: $0.000870 (Full mean-reversion retest)
* Stop Loss: $0.001350 (Above local peak $0.001326)
💡 Key Takeaways:
* Daily RSI at 87.5 signals extreme overbought conditions.
* Gap between price and EMA 7/25 is too wide—price needs to breathe!
* Always manage risk and use strict stop losses. High volatility ahead!
What’s your plan—riding the trend or catching the top pull-back? Drop your thoughts below! 👇🔥
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