$IOTX /USDT BEARS DOMINATE – DOWNSIDE PRESSURE SET TO CONTINUE
$IOTX /USDT is showing persistent bearish momentum as it trades below MA(7), MA(25), and MA(99). The MACD is negative with DIF under DEA, confirming that sellers are firmly in control. Expect the pair to test lower support levels as short-term momentum remains weak.
Trade Setup
Entry Zone: 0.00476 – 0.00481 USDT
Take Profits:
TP1: 0.00463 USDT (immediate support)
TP2: 0.00455 USDT (secondary support)
Stop Loss: 0.00495 USDT (above MA(25) resistance)
Short Market Outlook
Momentum is decisively bearish across all key timeframes. The 1h and 4h charts show consistent lower highs and lower lows. Immediate resistance is between 0.00481–0.00490 USDT, while support at 0.00463 and 0.00455 USDT is critical. Any brief rebound is likely to face strong selling pressure.
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