$IO /USDT BEARISH CASCADE BREAKS KEY SUPPORT — DOWNSIDE ACCELERATION IN PLAY!
$IO /USDT has plunged over 14% in the last 24 hours, now trading at $0.993 after breaking beneath multiple intraday supports. The 15-min chart displays a sharp downward channel with no clear signs of reversal, as the price continues to post lower highs and lower lows.
Trade Setup (Short):
Entry: $1.00 – $1.02
Take Profit: $0.960 / $0.925
Stop Loss: $1.045
Market Outlook:
Selling pressure dominates and momentum favors further downside if $0.990 fails to hold. Any bullish bounce should be treated with caution unless reclaiming $1.04 with strength. Traders should stay aligned with the prevailing trend.
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