$IOTX — SHORTS ARE GETTING TRAPPED 👀
Bias: LONG on a controlled retest

Price is holding around $0.00330–$0.00335 after the breakout, while:

• OI exploded to ~$1.11B
• Funding is deeply negative at -0.3317%
• Shorts are larger than longs and ~75% of short positions are losing
• CVD is negative while price is holding → possible absorption
• The obvious liquidity sits above $0.00380–$0.00400

🎯 Trade Plan
Entry: $0.00330–$0.00336
SL: $0.00305
TP1: $0.00365
TP2: $0.00390
TP3: $0.00415+

SMC view: I want the retest, not the chase. If $0.00330 holds, trapped shorts could provide the fuel for another squeeze.

⚠️ If $0.00305 breaks and fails to reclaim → setup invalid.

Would you LONG the retest or SHORT the rejection? 👇
🟢 LONG
🔴 SHORT