AIOT breaks structure and reverses sharply
🔴 $AIOT - SHORT
Trade Plan:
Current Price: ~0.05454
Entry Zone: 0.0558 – 0.0578
SL: 0.0595
TP1: 0.0508
TP2: 0.0472
TP3: 0.0430
AIOT broke above resistance but immediately reversed, confirming a failed breakout on the 1H chart. The Entry Zone 0.0558 – 0.0578 is positioned at the retest of the broken level. The stop loss is placed above the recent high for protection. Take-profit levels are aligned with major support zones below. This setup offers a relatively clear structure-based short opportunity.
Would you short AIOT after this failed breakout?
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AIOTUSDT
Perp
0.08361
+10.61%