$AIOT is up 23% and showing rejection at the highs. Here's why ๐
Pumps like this 36% leg in 3 days always bring in late buyers right where risk is highest.
The break above 0.12277 was tiny (0.9%) and AIOT got rejected from 0.12386 straight away. That's not strength, that's buyers running out of steam.
Next stop for me is 0.1161. Nobody's touched it since the $AIOT pullback (21% of the leg), so it's the obvious magnet. A move above 0.12386 proves me wrong.
๐ My AIOT trade: short from 0.12327, stop at 0.12685, target 0.1161 (+5.8%, 1:2)
๐ 24h Vol: $31.9M | 24h Chg: +22.5% | Funding: +0.0702%
Top or just a pause? What do you think? ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#AIOT #Analysis #Trading
Pumps like this 36% leg in 3 days always bring in late buyers right where risk is highest.
The break above 0.12277 was tiny (0.9%) and AIOT got rejected from 0.12386 straight away. That's not strength, that's buyers running out of steam.
Next stop for me is 0.1161. Nobody's touched it since the $AIOT pullback (21% of the leg), so it's the obvious magnet. A move above 0.12386 proves me wrong.
๐ My AIOT trade: short from 0.12327, stop at 0.12685, target 0.1161 (+5.8%, 1:2)
๐ 24h Vol: $31.9M | 24h Chg: +22.5% | Funding: +0.0702%
Top or just a pause? What do you think? ๐
Follow for daily chart breakdowns ๐
Just my view, not financial advice.
#AIOT #Analysis #Trading
