#CryptoTrading. #TechnicalAnalysiss #Signal🚥.
📊Technical Analysis (1 hour) $AIOT /USDT
$AIOT price is at ~0.2474 USDT, down 44.5% in the day (from ~0.447 USDT). The chart shows a sharp downtrend from a local high of ~0.473 USDT to a low of ~0.2126 USDT. Trading volume is high (8.48M), indicating strong selling pressure. Volatility is high, with a recent dump.
Key indicators:
• Bollinger Bands (20.2): Price touches the lower band (0.2126), signaling potential oversold and a possible rebound. The middle band ~0.3610 is a key resistance.
• RSI (14): ~13.8 (strong oversold <30), hinting at exhaustion of selling and a possible bullish reversal.
• MACD: Negative (-0.0125), with histogram in red, but convergence may be approaching — weak bearish signal.
• MA (5/10): Price below both (14.88M / 12.54M), confirms downtrend, but proximity to MA may become support.
• Volume: Growing on decline, but OI (open positions) ~7.99M — risk of liquidations of shorts on rebound.
Trend: Short-term bearish (downtrend), but oversold conditions (RSI + Bollinger lower) indicate a possible short rebound. Support: 0.2126–0.2200. Resistance: 0.3610 (average BB), then 0.3946–0.4553. Medium-term — consolidation before a potential break up, if volume supports.
Signals:
🟢Buy: Weak BUY at current levels (0.2400–0.2470) for scalp/rebound. Stop loss: 0.2120 (below low). Take profit: 0.3000–0.3610 (average BB). Wait for confirmation: RSI >30 + green candle. Risk: high due to volatility.
🔴Sell: Strong SELL on rebounds >0.2800 (resistance test). Stop loss: 0.3940. Take profit: 0.2120–0.1800. Confirmation: MACD cross down + red volume.
⚠️Recommendation: Trade with small position size, monitor news (OKZOO project). Not financial advice —DYOR !
