📢 $IOTX / USDT | 🔴 SHORT | ⭐ 75%
🎯 Target: $0.0028207. Will it get there?
🎯 Trade levels:
🔴 Entry: $0.002872
🛑 Stop Loss: $0.0029005
🏁 TP1: $0.0028207
🏁 TP2: $0.0027922
🏁 TP3: $0.00275799
📈 Analysis:
The market structure shows a consolidated downtrend on daily and four-hour timeframes, marked by lower lows and support breaks. A significant increase in trading volume is observed, supporting the current selling pressure. With the relative strength index in neutral territory, the asset is looking to continue its downward move after confirming a technical breakdown.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A bearish breakdown occurs when the price moves through a previous support level, which often indicates that sellers are in control of the short-term move.
#crypto #IOTX #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision calmly.
🎯 Target: $0.0028207. Will it get there?
🎯 Trade levels:
🔴 Entry: $0.002872
🛑 Stop Loss: $0.0029005
🏁 TP1: $0.0028207
🏁 TP2: $0.0027922
🏁 TP3: $0.00275799
📈 Analysis:
The market structure shows a consolidated downtrend on daily and four-hour timeframes, marked by lower lows and support breaks. A significant increase in trading volume is observed, supporting the current selling pressure. With the relative strength index in neutral territory, the asset is looking to continue its downward move after confirming a technical breakdown.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A bearish breakdown occurs when the price moves through a previous support level, which often indicates that sellers are in control of the short-term move.
#crypto #IOTX #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision calmly.
