The 4‑hour candle just punched through the 0.00087 pivot—could IOST be gearing up for a fresh surge?
Here’s the pattern you don’t want to miss 👇
Price is roaring higher, but a 0.01% positive funding rate means longs are paying shorts, a subtle sign of downside pressure. The 1.39 long‑short ratio also shows traders are overly long, which often precedes a correction.
On the 4‑hour chart the current price sits just above the ~0.00087 pivot. The next resistance cluster is around the ~0.00095 zone, while a break below the ~0.000826 area would invalidate the bullish case. If
$IOST loses the ~0.000826 zone on a 4‑hour close, the upside narrative collapses. Tap
$IOST to pull up the chart and see these zones yourself.
My read: IOST is likely to test the ~0.00095 objective, but a dip beneath the ~0.000826 zone would flip the bias toward the downside.
Follow me for the next update if
$IOST finally cracks the ~0.00095 target—I'll break down what that means for the next leg. Which IOST level are you watching most closely? 👇
⚠️ Not financial advice. DYOR.
#IOST #Crypto #BinanceSquare