🔥 $IOST — I’m Leaning Towards a Short Setup
With the current structure, I will pay special attention to the $0.00140–$0.00145 zone. If $IOST continues to get rejected here and can’t reclaim $0.00145, selling pressure may continue to take the upper hand.
📉 Set up a Short for $IOST
⟶ Entry: $0.00140 – $0.00145
• TP1: $0.00134
• TP2: $0.00127
• TP3: $0.00119
• TP4: $0.00110
⛔ SL: $0.00151
The scenario I’m waiting for is a clear breakout beyond $0.00134. If this level is broken through with good momentum, $IOST could continue sliding to $0.00127 → $0.00119, and even farther down to $0.00110.
On the other hand, if price breaks out and holds above $0.00151, I will cancel the entire Short thesis.
⚠️ This is Futures, so volatility can move very fast. I don’t recommend going all-in or using excessive leverage. Protect your capital first, profit comes after. Don’t FOMO, and don’t revenge trade.
Click here to Trade 👇️
With the current structure, I will pay special attention to the $0.00140–$0.00145 zone. If $IOST continues to get rejected here and can’t reclaim $0.00145, selling pressure may continue to take the upper hand.
📉 Set up a Short for $IOST
⟶ Entry: $0.00140 – $0.00145
• TP1: $0.00134
• TP2: $0.00127
• TP3: $0.00119
• TP4: $0.00110
⛔ SL: $0.00151
The scenario I’m waiting for is a clear breakout beyond $0.00134. If this level is broken through with good momentum, $IOST could continue sliding to $0.00127 → $0.00119, and even farther down to $0.00110.
On the other hand, if price breaks out and holds above $0.00151, I will cancel the entire Short thesis.
⚠️ This is Futures, so volatility can move very fast. I don’t recommend going all-in or using excessive leverage. Protect your capital first, profit comes after. Don’t FOMO, and don’t revenge trade.
Click here to Trade 👇️
