🔴 HEAVY REJECTION AT RESISTANCE SENDS $IOTX SLIDING TOWARDS FRESH LIQUIDITY LOWS! 🔻
Entry: 0.00328 - 0.00334 🔻
Target: 0.00294 🎯
Stop Loss: 0.00351 🛑
📌 Sellers are aggressively taking control after $IOTX failed to sustain its vertical rally, dropping straight below a critical local resistance zone. 📊 Order flow shows classic distribution at the top, leaving a clean downside runway for price to seek lower liquidity.
💡 If bid depth keeps eroding under overhead supply, momentum should accelerate down toward the 0.00294 support region. 💬 Are you leaning into this short setup or waiting to catch a bounce lower? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #IOTX #ShortSetup #Crypto #Breakdown #TechnicalAnalysis
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Entry: 0.00328 - 0.00334 🔻
Target: 0.00294 🎯
Stop Loss: 0.00351 🛑
📌 Sellers are aggressively taking control after $IOTX failed to sustain its vertical rally, dropping straight below a critical local resistance zone. 📊 Order flow shows classic distribution at the top, leaving a clean downside runway for price to seek lower liquidity.
💡 If bid depth keeps eroding under overhead supply, momentum should accelerate down toward the 0.00294 support region. 💬 Are you leaning into this short setup or waiting to catch a bounce lower? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #IOTX #ShortSetup #Crypto #Breakdown #TechnicalAnalysis
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