$IOTX /USDT Short Trade Signal! 🔥
📉 Short Entry Zone: $0.01770 - $0.01790
🎯 Targets:
TP1: $0.01740
TP2: $0.01710
TP3: $0.01680
🛑 Stop Loss: $0.01810
📌 Key Levels:
Resistance: $0.01790 - $0.01800 (recent high rejection)
Support 1: $0.01740 (intraday level)
Support 2: $0.01710 (breakout retest)
Support 3: $0.01680 (demand zone)
🔍 Market Insights:
Strong rally followed by a rejection wick, indicating profit-taking and possible reversal.
Bearish divergence on lower timeframes suggests weakening momentum.
If price fails to reclaim $0.01780, expect further downside movement.
💡 Pro Tip:
Look for a weak retest of $0.01770-$0.01790 before entering short.
Volume confirmation on selling strengthens the bearish setup.
🚨 Risk Management:
Apply strict stop-loss and risk only **1-2
$IOTX
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