$AIOT down to $0.128 within two days. A close above $0.1746 and I'm wrong.
I was wrong on timing yesterday: my 0.101 target never printed and AIOT ran straight to 0.1863. Here's the fix, straight from the tape. Open interest is up 84.8% in 24h to $10.33M and funding sits at 0.0384% per 4h, so longs pay to hold a vertical move. That vertical leg goes back to 0.128. Which comes first, 0.1746 or 0.128?
I was wrong on timing yesterday: my 0.101 target never printed and AIOT ran straight to 0.1863. Here's the fix, straight from the tape. Open interest is up 84.8% in 24h to $10.33M and funding sits at 0.0384% per 4h, so longs pay to hold a vertical move. That vertical leg goes back to 0.128. Which comes first, 0.1746 or 0.128?
