๐ $IOTX โ Bounce Capped, Downtrend Remains in Control
$IOTX is trading at $0.02172, up +2.2%, but long-term structure is still weak with a -58% yearly drop. Rejection from $0.02240 shows bulls lack follow-through, despite decent daily volume.
๐ Downside Targets:
๐ฏ Target 1: $0.02100 โ Nearest price support.
๐ฏ Target 2: $0.02000 โ Key psychological and 24h low zone.
๐ฏ Target 3: $0.01900 โ Breakdown area if pressure continues.
Short-term strength, long-term weakness โ trade with care.