$IOST Bearish Momentum After a Massive Pump
IOST has taken a sharp hit after its explosive rally, with price dropping more than 53% in 24 hours. The 4H chart shows strong selling pressure, and the price is now testing the 0.00083 support area.
A breakdown below this level could open the door to further downside, while a recovery above nearby resistance would be the first sign of stabilization. Avoid chasing candles and wait for confirmation.
Short Setup (Watchlist)
Entry Zone: 0.00085–0.00090
TP1: 0.00080
TP2: 0.00075
TP3: 0.00070
TP4: 0.00065
Stop Loss: 0.00095
Key Levels to Watch
Support: 0.00083, then 0.00080
Resistance: 0.00090–0.00095
Bearish confirmation: 4H candle closing below 0.00083
Invalidation: Strong recovery and hold above 0.00095
The trend remains bearish on the screenshot, but after such a steep decline, a relief bounce is possible. Don't chase the move; wait for a confirmed setup and manage risk carefully.
Always DYOR. NFA.
IOST has taken a sharp hit after its explosive rally, with price dropping more than 53% in 24 hours. The 4H chart shows strong selling pressure, and the price is now testing the 0.00083 support area.
A breakdown below this level could open the door to further downside, while a recovery above nearby resistance would be the first sign of stabilization. Avoid chasing candles and wait for confirmation.
Short Setup (Watchlist)
Entry Zone: 0.00085–0.00090
TP1: 0.00080
TP2: 0.00075
TP3: 0.00070
TP4: 0.00065
Stop Loss: 0.00095
Key Levels to Watch
Support: 0.00083, then 0.00080
Resistance: 0.00090–0.00095
Bearish confirmation: 4H candle closing below 0.00083
Invalidation: Strong recovery and hold above 0.00095
The trend remains bearish on the screenshot, but after such a steep decline, a relief bounce is possible. Don't chase the move; wait for a confirmed setup and manage risk carefully.
Always DYOR. NFA.