๐จ
$IOTX SHORT WINDOW OPENS AT RESISTANCE โ SELLERS TARGET SUPPORT ๐ป
Entry: 0.00370 โ 0.00395 โก
Target 1: 0.00350 ๐ฏ
Target 2: 0.00305 ๐ฏ
Target 3: 0.00255 ๐ฅ
Stop Loss: 0.00418 โ ๏ธ
After a blistering +68% advance,
$IOTX is now probing the 0.00400โ0.00412 liquidity zone with fading momentum. ๐ This is classic distribution territory โ the same supply pocket that historically stalls impulsive rallies. ๐ A rejection here could send price back into the breakout origin, where unfilled inefficiencies rest.
The sharp rejection setup aligns with a clean short entry below 0.00395, with stacked targets down to 0.00255. ๐ Volume is starting to compress at the highs โ a tell that aggressive bid absorption is slowing. ๐ก Watch for a false breakout above 0.00418 as the catalyst.
๐ฌ Are you stepping in front of this resistance or waiting for the first confirmed bearish candle? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ
#IOTX #ShortSetup #Resistance #Crypto #IOTXAnalysis ๐ ๐ฏ