Who got $IOST ??? let's buy/sell it according to the buy/sell zones mentioned here.
IOST/USDT Short Trade Plan: Potential Downside Pressure
*Market Analysis*
- *Current Price:* $0.005250 - $0.005350
- *Key Levels:*
- *Resistance:* $0.005350 (recent top formation)
- *Support 1:* $0.005100 (previous breakout level)
- *Support 2:* $0.004900 (mid-term support)
- *Support 3:* $0.004700 (strong demand area)
*Trade Setup*
- *Short Entry Zone:* $0.005250 - $0.005350
- *Targets:*
- *Target 1:* $0.005100
- *Target 2:* $0.004900
- *Target 3:* $0.004700
- *Stop Loss:* $0.005400
Click here $IOST or click on the chart to sell.
*Risk Management*
- *Position Sizing:* Manage position size to limit potential losses to 2-3% of the trading account.
- *Risk-Reward Ratio:* Aim for a risk-reward ratio of 1:2 or higher to ensure potential profits outweigh potential losses.
- *Stop-Loss:* Stick to your stop-loss and avoid over-leveraging.
*Market Insights*
- *Sharp Pump and Rejection:* Sharp pump followed by rejection, indicating exhaustion.
- *Bearish Divergence:* Possible bearish divergence forming on lower timeframes.
- *Downside Pressure:* If price fails to reclaim $0.005300, more downside pressure is likely.
*Trade Plan Scenarios*
- *Bearish Scenario:* IOST/USDT breaks below $0.004700, targeting $0.004500 and lower.
- *Bullish Scenario:* IOST/USDT breaks above $0.005400, targeting $0.005600 and higher.
*Pro Tips*
- Watch for a weak bounce toward $0.005300-$0.005350 for a better entry.
- Confirmation with bearish engulfing candles strengthens the short setup.
- Monitor volume and technical indicators for signs of bearish momentum.
I would highly encourage you to start your trade(buy/sell IOST) from my post, simply hitting here. → $IOST
If you want a trade plan of your desired coin, write it in the comments below. I will post its trade strategy .
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