$IOST surged 44% in a day—chase it or wait?
Today's trading volume was about 8.58 billion tokens, roughly 30 times the volume of the past few days. The perpetual funding rate is 0.005%, so things aren't overheated yet. The 1-hour chart spiked to 0.001129 before pulling back; it's now at 0.00109.
What I'm watching:
Resistance at 0.001129, then the high from 43 days ago at 0.001189
Support at 0.00104–0.00106
My plan: I'll consider an entry only if it pulls back to 0.00104–0.00106 and holds. A drop below 0.00099 invalidates the setup. Above, I'll watch 0.001129 and 0.001189 first.
Would you chase it or wait for a pullback?
#TrendingContracts
The above does not constitute investment advice.
Today's trading volume was about 8.58 billion tokens, roughly 30 times the volume of the past few days. The perpetual funding rate is 0.005%, so things aren't overheated yet. The 1-hour chart spiked to 0.001129 before pulling back; it's now at 0.00109.
What I'm watching:
Resistance at 0.001129, then the high from 43 days ago at 0.001189
Support at 0.00104–0.00106
My plan: I'll consider an entry only if it pulls back to 0.00104–0.00106 and holds. A drop below 0.00099 invalidates the setup. Above, I'll watch 0.001129 and 0.001189 first.
Would you chase it or wait for a pullback?
#TrendingContracts
The above does not constitute investment advice.