A 50% drop for IOST in the last 24 hours.
That entire move came on just $16M of volume, with price now pinned to the session low of 0.000843. This is not a market-wide drop; the Fear & Greed index is at 68.
When an asset gets cut in half on thin volume, the tape is broken until proven otherwise. Price is trading well below its 20 and 50-day EMAs, and the RSI at 34 just confirms the damage is done.
Is this a capitulation wick you buy, or just exit liquidity for trapped longs?
$IOST
Follow for the next read — posted the moment the tape moves.
That entire move came on just $16M of volume, with price now pinned to the session low of 0.000843. This is not a market-wide drop; the Fear & Greed index is at 68.
When an asset gets cut in half on thin volume, the tape is broken until proven otherwise. Price is trading well below its 20 and 50-day EMAs, and the RSI at 34 just confirms the damage is done.
Is this a capitulation wick you buy, or just exit liquidity for trapped longs?
$IOST
Follow for the next read — posted the moment the tape moves.
