$IOST What's next for
$IOST ? | 4h Timeframe Chart Analysis
- I expect price to remain bearish as long as it stays below 0.000763 and especially below 0.000789. Any rallies into these resistance zones can be seen as opportunities for short trades, targeting first 0.000700, then 0.000684, and potentially 0.000661 if selling accelerates
- If price sweeps below 0.000682 and quickly reclaims it with a clear bullish reversal, you could consider a long scalp, targeting the first resistance at 0.000720 and then 0.000763. Place stops at the swing low if entering long after a sweep. For shorts, stops should be above the prior swing high of the setup (such as above 0.000800 if shorting from 0.000789 area)
- Example confirmation for a short: Price rallies to 0.000789, forms a double top or bearish engulfing on the 15m or 1h, and shows weakening momentum—enter short, target 0.000700, 0.000684
- Example confirmation for a long: Price wicks below 0.000682, prints a bullish pin bar on the 4h or 1h with rising volume, and quickly closes back above 0.000700—enter long, targeting 0.000720, 0.000763
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