Spot Journal $IOTX (Stealth Box Floor-Test & Reclaim): 2-Tranche Plan 1D
The price $IOTX is moving at $0.00340 after the support floor test confirmation.
The price has completed a floor-test sweep (Spring/Double-Bottom) with sell volume drying up, followed by a green Reclaim candle (0.41x of the average) confirming absorption of supply at the bottom of the box.
2-Tranche Execution Plan:
• Tranche 1 (Floor Test & Reclaim): Area $0.00326 - $0.00340
• Tranche 2 (Confirmation Scale-In): Second floor test at $0.00326 OR a breakout above the consolidation ceiling at $0.00369
Risk limit is set at the 1D candle close below $0.00316. The main structural target is at the 30-day peak ($0.00430, RRR 5.8:1) to liquidate half the position into USDT, while the remaining coins are left to run toward $0.00666.
$IOTX #BinanceSquareCreator #BinanceSquare #CryptoMarket #AlphaGems
Note: Independent spot technical research and risk-management journal (DYOR).
The price $IOTX is moving at $0.00340 after the support floor test confirmation.
The price has completed a floor-test sweep (Spring/Double-Bottom) with sell volume drying up, followed by a green Reclaim candle (0.41x of the average) confirming absorption of supply at the bottom of the box.
2-Tranche Execution Plan:
• Tranche 1 (Floor Test & Reclaim): Area $0.00326 - $0.00340
• Tranche 2 (Confirmation Scale-In): Second floor test at $0.00326 OR a breakout above the consolidation ceiling at $0.00369
Risk limit is set at the 1D candle close below $0.00316. The main structural target is at the 30-day peak ($0.00430, RRR 5.8:1) to liquidate half the position into USDT, while the remaining coins are left to run toward $0.00666.
$IOTX #BinanceSquareCreator #BinanceSquare #CryptoMarket #AlphaGems
Note: Independent spot technical research and risk-management journal (DYOR).