$IO lost the 0.18 level (currently at 0.1803, back above the level now). Two possible scenarios from here:
① It rebounds to 0.18 but fails to reclaim it → the level turns into resistance; the first downside target is the 24h low at 0.158
② It quickly gets back above 0.18 → this was probably just a wick, and shorts could get squeezed instead
I personally place more weight on how the first rebound plays out.
#IO
① It rebounds to 0.18 but fails to reclaim it → the level turns into resistance; the first downside target is the 24h low at 0.158
② It quickly gets back above 0.18 → this was probably just a wick, and shorts could get squeezed instead
I personally place more weight on how the first rebound plays out.
#IO