IOST Bounce Is A Lie
Entry: 0.001814 š©
Target: 0.001793 šÆ
Stop Loss: 0.001849 š
Everyone is looking at the deeply oversold RSI on $IOST and screaming "BUY." They are dead wrong. The daily trend is locked bearish and this oversold reading is just fuel for the final flush. This is not a bounce play; it is a trap designed to liquidate early buyers. We are watching the 15-minute rejection confirming the weakness right now. The market structure is screaming continuation lower. $BTC consolidation is allowing these aggressive downside moves to play out. Get ready for the next leg down.
This is not financial advice. Trade carefully.
#IOST #CryptoTrading #ShortSetup #TechnicalAnalysis #Bearish
šØ
IOSTUSDT
Bezterm.
0.001809
-6.51%
BTCUSDT
Bezterm.
92,510.4
-1.16%