$IOST is facing strong downward pressure as sellers take control, opening an attractive opportunity to step in with a short position.
Entry: 0.0008100 – 0.0008300
TPs: 0.0007500 | 0.0007200 | 0.0006900
SL: Above 0.0008800
Why Short?
The asset is sliding backward after failing to hold near the 0.0009236 high, currently trading at 0.0008101. On the hourly chart, the MACD lines have turned downward with red histogram bars growing, while the RSI has slid deeply into oversold territory at 32.5, demonstrating that bullish momentum has dried up and setting the stage for a continuation toward the 0.0007103 floor.
Entry: 0.0008100 – 0.0008300
TPs: 0.0007500 | 0.0007200 | 0.0006900
SL: Above 0.0008800
Why Short?
The asset is sliding backward after failing to hold near the 0.0009236 high, currently trading at 0.0008101. On the hourly chart, the MACD lines have turned downward with red histogram bars growing, while the RSI has slid deeply into oversold territory at 32.5, demonstrating that bullish momentum has dried up and setting the stage for a continuation toward the 0.0007103 floor.
