IOST is fighting back above the 0.0255 resistance, but the recent swing low at 0.0238 is under pressure.
🔴
$IOST SHORT 📉 — Trade Plan
• Entry: $0.001017 – $0.001019
• Stop: $0.001048 (-3.0%)
• Target 1: $0.001003 (+1.5%)
• Target 2: $0.000967 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The market structure broke lower highs, triggering a change of character, while CVD turned bearish, confirming the move. A fair value gap from 0.0242 to 0.0246 aligns with an order block, giving a solid POI for a short entry.
A 3.0% stop is relatively tight, so keep leverage around 3-5x to preserve margin.
Consider taking half profit around the first target near 0.0225.
Not financial advice — always manage your own risk 🙏
$IOST #IOSTUSDT #Cardano #TradingSignals #Write2Earn