#IOST Current price: 0.0009 Short immediately
Take profit: 0.0008–0.0007 Stop loss: 0.001
This is a bull-trap pattern. Historical data shows that whenever IOST climbs to around 0.0009, it almost always drops back quickly afterward. After spiking to 0.000885 on September 6, it soon fell back to around 0.0007—a textbook bull-trap spike followed by a pullback.
Current on-chain data shows exchange balances continuing to rise, and a large sell-off could hit at any moment. Short at 0.0009 now—the setup looks as close to certain as it gets.
Take profit: 0.0008–0.0007 Stop loss: 0.001
This is a bull-trap pattern. Historical data shows that whenever IOST climbs to around 0.0009, it almost always drops back quickly afterward. After spiking to 0.000885 on September 6, it soon fell back to around 0.0007—a textbook bull-trap spike followed by a pullback.
Current on-chain data shows exchange balances continuing to rise, and a large sell-off could hit at any moment. Short at 0.0009 now—the setup looks as close to certain as it gets.