📉 Analysis
$IOTA /USDC: Selling pressure is accelerating strongly! 📉
Looking at the hourly candlestick chart for
$IOTA , the market structure remains extremely bearish. The price has decisively broken key moving average lines and recently hit a low near 0.0595. A clear opportunity for a short trade is available as sellers have complete control.
🎯 Trading Plan (Sell / SHORT) 🎯
🔹 Trade Type: Sell / SHORT
🔹 Entry Range: 0.0600 - 0.0615
🔹 Stop Loss (SL): 0.0632 (above the last hourly resistance level)
📉 Take Profit Targets (TP):
• First Target (TP1): 0.0580
• Second Target (TP2): 0.0565
• Third Target (TP3): 0.0540
Stay disciplined and always stick to your risk management plan! 📉
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#IOTA