$IOTX is trading at 0.00749 and the price is below all key moving averages, which shows clear bearish strength.
Resistance Zone:
0.00775 – 0.00810
Targets:
TP1: 0.00720
TP2: 0.00690
TP3: 0.00650
Stop-Loss:
0.00825
Technical View:
Price is trading below MA(7), MA(25), and MA(99), which confirms a strong downtrend. Volume is also supporting selling pressure, so as long as resistance is not reclaimed, the chance of downside continuation is higher.
