๐ ๐ผ๐บ๐ฒ๐ป๐๐๐บ ๐ถ๐ ๐ณ๐ฎ๐ฑ๐ถ๐ป๐ด ๐ฎ๐ณ๐๐ฒ๐ฟ ๐ฎ ๐๐ต๐ฎ๐ฟ๐ฝ ๐ฟ๐ฒ๐ท๐ฒ๐ฐ๐๐ถ๐ผ๐ป
IO/USDT just got rejected at $0.1650 and is now testing its EMA(25) support at $0.1490. The 4H RSI is oversold at 38.3, while the MACD remains bearishโthis is a critical decision zone. A token unlock on September 11 and a recent Coinbase listing add to the volatility.
BEST SETUP: $IO
BIAS: LONG on confirmed reclaim
ENTRY: $0.145 โ $0.150
STOP LOSS: $0.136
TP1: $0.165
TP2: $0.195
The setup is simple: IO must reclaim and hold above the $0.1490 EMA(25) to confirm a bounce. The longer-term EMA(99) at $0.1387 is the line in the sandโlosing it would break the bullish structure and open the door to $0.120. The oversold RSI suggests a relief bounce is possible, but wait for price to reclaim the EMA before entering.
Risk: A daily close below $0.138 invalidates the bullish thesis.
Trade here ๐๐ป Spot ๐๐ผ $IO
Will $IO hold this support, or is the downtrend just getting started?
IO/USDT just got rejected at $0.1650 and is now testing its EMA(25) support at $0.1490. The 4H RSI is oversold at 38.3, while the MACD remains bearishโthis is a critical decision zone. A token unlock on September 11 and a recent Coinbase listing add to the volatility.
BEST SETUP: $IO
BIAS: LONG on confirmed reclaim
ENTRY: $0.145 โ $0.150
STOP LOSS: $0.136
TP1: $0.165
TP2: $0.195
The setup is simple: IO must reclaim and hold above the $0.1490 EMA(25) to confirm a bounce. The longer-term EMA(99) at $0.1387 is the line in the sandโlosing it would break the bullish structure and open the door to $0.120. The oversold RSI suggests a relief bounce is possible, but wait for price to reclaim the EMA before entering.
Risk: A daily close below $0.138 invalidates the bullish thesis.
Trade here ๐๐ป Spot ๐๐ผ $IO
Will $IO hold this support, or is the downtrend just getting started?
