$IO /USDT This pullback topped out around 0.1357 and then stalled. On the 4-hour timeframe, it’s still being suppressed. The rebound strength looks a bit insufficient.
$IO • SHORT
Trading plan:
Entry zone: 0.135448 – 0.135952
Take profit 1: 0.134070
Take profit 2: 0.133063
Take profit 3: 0.131433
Stop loss: 0.137715
Why the bearish thesis is still valid:
- Price is trading below the hourly trend line; when it rebounds near key levels, it shows signs of insufficient follow-through, suggesting sell pressure from above is still present.
- The market overall is ranging, but short-term momentum is tilted to the downside. Each rebound high is lower than the last—this structure is worth paying attention to.
- Although the daily chart hasn’t clearly chosen a direction yet, the hourly suppression is quite clear. As long as it doesn’t quickly reclaim that level, the weak setup is likely to continue.
My view:
I currently lean toward a weak rebound and continuation of the downside. To confirm this thesis, we need to see whether price can hold and monitor the lower edge of the observation range. If it pulls back into and above the upper suppression again, then this bearish bias should be put on hold for now.
Which step are you focusing on?
Will you wait for it to keep getting rejected here, or will you wait for a cleaner retracement before making a decision?
⚠️ This is not investment advice—just my personal market analysis and opinions. Please do your own research and manage risk.
$IO • SHORT
Trading plan:
Entry zone: 0.135448 – 0.135952
Take profit 1: 0.134070
Take profit 2: 0.133063
Take profit 3: 0.131433
Stop loss: 0.137715
Why the bearish thesis is still valid:
- Price is trading below the hourly trend line; when it rebounds near key levels, it shows signs of insufficient follow-through, suggesting sell pressure from above is still present.
- The market overall is ranging, but short-term momentum is tilted to the downside. Each rebound high is lower than the last—this structure is worth paying attention to.
- Although the daily chart hasn’t clearly chosen a direction yet, the hourly suppression is quite clear. As long as it doesn’t quickly reclaim that level, the weak setup is likely to continue.
My view:
I currently lean toward a weak rebound and continuation of the downside. To confirm this thesis, we need to see whether price can hold and monitor the lower edge of the observation range. If it pulls back into and above the upper suppression again, then this bearish bias should be put on hold for now.
Which step are you focusing on?
Will you wait for it to keep getting rejected here, or will you wait for a cleaner retracement before making a decision?
⚠️ This is not investment advice—just my personal market analysis and opinions. Please do your own research and manage risk.
