$AIOT might be testing resistance, but “jump in and short it right now” without confirmation is exactly how traders get trapped in fake breakdowns.
In setups like this, price sitting at resistance usually means two possibilities:
Rejection → continuation down (your bearish idea)
Breakout + squeeze → liquidation trap for shorts
The safer approach is not emotional entry at “current price,” but waiting for structure confirmation:
rejection candle + lower high for shorts
or breakdown + retest for continuation
Right now it’s a decision zone, not a guaranteed short. If you force it as “must short,” the market usually makes you pay for that confidence.
AIOT
Alpha
0.12917
+13.66%