$IOST : Breakout or Another Fakeout?
Price is testing a key resistance zone, but I’m not chasing the move yet. I want to see a strong candle close above resistance with rising volume. If price breaks out and successfully retests the level, bullish continuation becomes more credible. A failed breakout could bring price back to support.
My plan: Wait for confirmation, define invalidation, and manage risk before entering.
Would you trade the breakout or wait for a retest?
Price is testing a key resistance zone, but I’m not chasing the move yet. I want to see a strong candle close above resistance with rising volume. If price breaks out and successfully retests the level, bullish continuation becomes more credible. A failed breakout could bring price back to support.
My plan: Wait for confirmation, define invalidation, and manage risk before entering.
Would you trade the breakout or wait for a retest?