🔴 $IOST | SHORT — Watching the 4H supply zone
IOST is below the 4H EMA50, while the Daily trend is also weak. If the 0.000847–0.000849 zone is rejected, sellers may gain further advantage and extend the decline.
📍 SHORT plan
* 🎯 Entry: 0.000847 – 0.000849
* 🎯 TP1: 0.000842
* 🎯 TP2: 0.000839
* 🎯 TP3: 0.000833
* 🛑 SL: 0.000857
📉 Key points
* 4H: Price at 0.000848 < EMA50 at 0.000872 → sellers are in control of the short-term structure.
* Daily: Price below the EMA200 at 0.000917 → the broader trend continues to put downward pressure on price.
* BTC: Short-term trend is bearish → adding further pressure on IOST.
The 0.000847–0.000849 zone is important. Prefer waiting for a reaction from sellers rather than chasing a SHORT after the price has already fallen.
NFA · DYOR. This content is for educational purposes only and is not investment advice or a recommendation.
Tap below to trade with SHIN👇
IOST is below the 4H EMA50, while the Daily trend is also weak. If the 0.000847–0.000849 zone is rejected, sellers may gain further advantage and extend the decline.
📍 SHORT plan
* 🎯 Entry: 0.000847 – 0.000849
* 🎯 TP1: 0.000842
* 🎯 TP2: 0.000839
* 🎯 TP3: 0.000833
* 🛑 SL: 0.000857
📉 Key points
* 4H: Price at 0.000848 < EMA50 at 0.000872 → sellers are in control of the short-term structure.
* Daily: Price below the EMA200 at 0.000917 → the broader trend continues to put downward pressure on price.
* BTC: Short-term trend is bearish → adding further pressure on IOST.
The 0.000847–0.000849 zone is important. Prefer waiting for a reaction from sellers rather than chasing a SHORT after the price has already fallen.
NFA · DYOR. This content is for educational purposes only and is not investment advice or a recommendation.
Tap below to trade with SHIN👇
