$IOTX lost the level now watch the retest.
After the rejection from 0.004038, IOTX has been printing lower highs and is now trading below EMA7, EMA25 and EMA99.
The short-term structure is clearly bearish.
But the current price is already close to support. The better entry is the bounce back into resistance.
🔴 SHORT Zone: 0.00295–0.00310
🎯 TP1: 0.00275
🎯 TP2: 0.00264
🛑 SL: 0.00320
🟢 Trade Grade: A Setup
Don’t chase the drop. Sell the retest, not the bottom👇
After the rejection from 0.004038, IOTX has been printing lower highs and is now trading below EMA7, EMA25 and EMA99.
The short-term structure is clearly bearish.
But the current price is already close to support. The better entry is the bounce back into resistance.
🔴 SHORT Zone: 0.00295–0.00310
🎯 TP1: 0.00275
🎯 TP2: 0.00264
🛑 SL: 0.00320
🟢 Trade Grade: A Setup
Don’t chase the drop. Sell the retest, not the bottom👇