IOST Bounce Is A Lie

Entry: 0.001814 ๐ŸŸฉ

Target: 0.001793 ๐ŸŽฏ

Stop Loss: 0.001849 ๐Ÿ›‘

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

๐Ÿšจ

IOST
IOSTUSDT
0.00181
-6.55%

BTC
BTCUSDT
92,509.3
-1.28%