๐จ $IOTX โ Short Setup | Breakdown, Weak Bounce (4h)
IOTX is down about 8% in 24h at $0.003205 after rolling over from $0.0038 and losing the $0.0033โ$0.0034 range on the 4h chart. A weak bounce into that broken zone is cleaner than selling the low. The $0.002703 level I'm tracking is the bigger target if $0.0030 breaks.
๐ Short Entry: $0.00330โ$0.00335 (limit order on bounce)
๐ฏ TP1: $0.00310
๐ฏ TP2: $0.00300
๐ SL: Above $0.00350
Setup: Breakdown + weak bounce. If $0.0035 breaks on a 4H close, skip the trade. A close below $0.0031 would extend the drop, so don't chase it.
Do you think $IOTX heads for $0.0027, or recovers the range? ๐
โ ๏ธ Not financial advice. Volume is only about $2.3M, so expect wide swings. Use low leverage and strict risk management.
โ ANiii Trader Analysis ๐
๐ Click to Open Trade
$LYN
IOTX is down about 8% in 24h at $0.003205 after rolling over from $0.0038 and losing the $0.0033โ$0.0034 range on the 4h chart. A weak bounce into that broken zone is cleaner than selling the low. The $0.002703 level I'm tracking is the bigger target if $0.0030 breaks.
๐ Short Entry: $0.00330โ$0.00335 (limit order on bounce)
๐ฏ TP1: $0.00310
๐ฏ TP2: $0.00300
๐ SL: Above $0.00350
Setup: Breakdown + weak bounce. If $0.0035 breaks on a 4H close, skip the trade. A close below $0.0031 would extend the drop, so don't chase it.
Do you think $IOTX heads for $0.0027, or recovers the range? ๐
โ ๏ธ Not financial advice. Volume is only about $2.3M, so expect wide swings. Use low leverage and strict risk management.
โ ANiii Trader Analysis ๐
๐ Click to Open Trade
$LYN
