$IOTA IS SETTING UP FOR A SHORT AS RSI HITS EXTREME OVERSOLD ๐ฅ
Entry: 0.0357 ๐ฅ
Target: 0.0345 ๐
Stop Loss: 0.0368 โ ๏ธ
The RSI at 28.8 signals exhaustion after the recent drop โ but the higher timeframe trend is still bearish. That alignment is rare and worth respecting. Volume is picking up on the way down, which adds conviction to the short bias.
With three defined targets and a tight stop, this setup has a clean risk-to-reward. Do you see this sweeping lower or do the bulls step in here?
Not financial advice. Always manage your risk.
#IOTA #ShortSetup #Bearish #Crypto #Altcoin
๐
Entry: 0.0357 ๐ฅ
Target: 0.0345 ๐
Stop Loss: 0.0368 โ ๏ธ
The RSI at 28.8 signals exhaustion after the recent drop โ but the higher timeframe trend is still bearish. That alignment is rare and worth respecting. Volume is picking up on the way down, which adds conviction to the short bias.
With three defined targets and a tight stop, this setup has a clean risk-to-reward. Do you see this sweeping lower or do the bulls step in here?
Not financial advice. Always manage your risk.
#IOTA #ShortSetup #Bearish #Crypto #Altcoin
๐