$IOST 🔥🔥🔥Guys, just take a short position! This rally is being driven by bullish news about the token burn and aggressive buying from Korean investors, but burning 70 million tokens accounts for only a tiny share of the circulating supply. It’s mostly hype-driven speculation.
The chart looks even more dangerous: the RSI is severely overbought, the price is far above the upper Bollinger Band, and after surging nearly 70% in 24 hours, it’s formed a long upper wick. Trading volume is enormous, yet the price couldn’t hold its high! This rally was driven by a short squeeze. Once buying dries up, profit-taking could trigger a sudden sell-off at any moment.
$BTC
The chart looks even more dangerous: the RSI is severely overbought, the price is far above the upper Bollinger Band, and after surging nearly 70% in 24 hours, it’s formed a long upper wick. Trading volume is enormous, yet the price couldn’t hold its high! This rally was driven by a short squeeze. Once buying dries up, profit-taking could trigger a sudden sell-off at any moment.
$BTC