$IOTX is showing strong bearish reversal signals after a pump. The price is trading below both the 7-period (0.00848) and 25-period (0.00866) Moving Averages, which now act as significant overhead resistance. The asset has been rejected from the 24-hour high, and current volume is less than 25% of its 5-period average, indicating a complete loss of buying momentum and a high probability of a sharp decline.

Entry Zone: 0.00840 - 0.00850

TP1: 0.00810

TP2: 0.00790

TP3: 0.00770

Stop Loss: 0.00870

Risk Management: The extreme volume drop confirms the bearish thesis. Use a tight stop loss above the 25-period MA. This is a high-probability fade of a failed breakout.

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IOTX
IOTXUSDT
0.00838
-3.67%