🔴 $AIOT — BUYERS ARE LOSING MOMENTUM. TIME TO WATCH FOR A SHORT!

AIOT had a pretty impressive rally, but the 1H chart is starting to show signs of weakness. After pushing higher, price has repeatedly struggled around the $0.0940 resistance area.

What caught my attention is the series of rejections near the recent highs. Buyers have tried several times to push through, but sellers keep stepping in. Now price is trading around $0.0875, with bearish momentum beginning to build.

I'm watching the $0.0835 support area closely. A decisive breakdown could confirm that sellers are taking control and open the door for a deeper correction.

The EMA 50 is around $0.0816, which could act as an intermediate support. If selling pressure continues, our projected downside target is around $0.07185.

🎯 Potential SHORT Setup — $AIOT

Entry: $0.0878

Stop-Loss: $0.09428

TP1: $0.0835

TP2: $0.0816

TP3: $0.07185

My game plan: I'm looking for continued rejection and a confirmed break below $0.0835. No need to rush into the trade if buyers manage to reclaim resistance.

After a strong rally, sometimes the market needs a correction before deciding its next direction.

Let's see whether sellers can take control! 👀

Follow for more technical setups and price-action analysis! 👇

#AIOTtrading