$IOTX .X jumps 8.6% in 15m with 2.1x
volume spike-bullish structure says more
gains ahead
- my bias remains bullish on $IOTX here
after the explosive +8.6% impulse and
dramatic 4.1x volume spike, as the 1h, daily,
and weekly structure are all aligned bullish
and BTC is trending up as well
- this is classic SMC behavior: a stop run/
liquidity grab above the previous high, but
with sustained volume and structure
confirmation, not just a wick; current price
action suggests real demand rather than a
pure bull trap
- the 2.1xX+ volume anomaly and jump in
open interest signal aggressive
participation, and with a negative funding
rate, late shorts are being punished on the
move this supports the idea of smart
money squeezing out Weak hands rather
than distributing.
#EarningsSeason #ZcashDevelopersConfirmNovemberDateForNU7Upgrade #OCCIssuesFirstFinalRuleUnderGENIUSAct #KoreanRetailLost6.3TrillionWonOnLeveragedETPs #GENIUSActExpectedToTakeEffectJan18,2027
volume spike-bullish structure says more
gains ahead
- my bias remains bullish on $IOTX here
after the explosive +8.6% impulse and
dramatic 4.1x volume spike, as the 1h, daily,
and weekly structure are all aligned bullish
and BTC is trending up as well
- this is classic SMC behavior: a stop run/
liquidity grab above the previous high, but
with sustained volume and structure
confirmation, not just a wick; current price
action suggests real demand rather than a
pure bull trap
- the 2.1xX+ volume anomaly and jump in
open interest signal aggressive
participation, and with a negative funding
rate, late shorts are being punished on the
move this supports the idea of smart
money squeezing out Weak hands rather
than distributing.
#EarningsSeason #ZcashDevelopersConfirmNovemberDateForNU7Upgrade #OCCIssuesFirstFinalRuleUnderGENIUSAct #KoreanRetailLost6.3TrillionWonOnLeveragedETPs #GENIUSActExpectedToTakeEffectJan18,2027