$IOTA This drop was decisive; in 24 hours it directly cut 11%. It plunged from 0.04694 to 0.04107, with volume at 334 million in support—selling pressure, not a washout.
At the current price of 0.04149, it’s hovering just above the intraday low. The bulls’ last line of defense is around 0.04100. If that level breaks, the next stop is directly at 0.0380. On the rebound, resistance to watch first is 0.0435; only after it regains that level is it worth talking about 0.0450. For stop-loss, set it below 0.0405. First bet on 0.0380, then look again to 0.0350—this trade is worth it.
Until this bearish candle closes, don’t rush to bottom-fish.
#IOTA
At the current price of 0.04149, it’s hovering just above the intraday low. The bulls’ last line of defense is around 0.04100. If that level breaks, the next stop is directly at 0.0380. On the rebound, resistance to watch first is 0.0435; only after it regains that level is it worth talking about 0.0450. For stop-loss, set it below 0.0405. First bet on 0.0380, then look again to 0.0350—this trade is worth it.
Until this bearish candle closes, don’t rush to bottom-fish.
#IOTA