$IOST Update: Explosive Pump, Smart Traders Wait for the Pullback ⚡
IOST is trading around $0.000999, up +33.56% in 24 hours. The 24h range is $0.000738 to $0.001129, with volume of about $11.49M USDT.
Short-term view (1h chart):
• Price rallied hard from $0.000738 and tapped $0.001129, then pulled back
• Supertrend is bullish at $0.000929, acting as dynamic support
• RSI(6) is at 49.3, cooled off from overbought, which is healthy after a big pump
• Resistance: $0.001063, then $0.001129
Support: $0.000977, then $0.000929
Bigger picture:
• Today: +1.83%
• 7 Days: +19.74%
• 30 Days: +14.66%
• 90 Days: +49.85%
• 180 Days: -6.45%
• 1 Year: -58.59%
IOST has strong momentum, but the last two candles show sellers rejecting the highs. After a 30%+ move, chasing is risky, so a pullback or breakout confirmation is the better approach.
📊 Trade Plan (Spot, Example Only):
• Entry (dip buy): $0.000935 - $0.000960 (near Supertrend support)
• Stop Loss: $0.000905 (below Supertrend)
• TP1: $0.001063
• TP2: $0.001129 (24h high)
• Risk-Reward: approx. 1:2
Alternative (breakout entry): Above $0.001065 with a 1h candle close, SL at $0.000990, target $0.001129 and higher.
Invalidation: A 1h close below $0.000929 means momentum is breaking, so stay out or exit.
Use small position size and book partial profits at TP1.
Are you buying the dip or waiting for the breakout? Comment below! 👇
Not financial advice. Always DYOR. Crypto is highly volatile.
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