$IOTX USDT SHARP REVERSAL AFTER SPIKE – SHORT TRADE SIGNAL

STRONG REJECTION FROM $0.02987

BEARISH FOLLOW-THROUGH AFTER FAKEOUT WICK

Trade Setup:

• Entry: 0.02560 – 0.02590 (Short)

• Target 1: 0.02460

• Target 2: 0.02390

• Stop Loss: 0.02650

$IOTX surged quickly to $0.02987 but failed to hold gains, forming a tall upper wick followed by sustained selling pressure. The structure now shows a breakdown below local support, indicating potential downside continuation as bulls lose momentum.

#IOTXUSDT #ShortTrade #CryptoSetup #BinanceFutures #Write2Earn $IOTX