๐ฅ AIOT Candle Analysis โ Situation on the Chart
1) General Trend
The trend is strongly downward (Downtrend) โ the currency is dropping from 0.44 to 0.18 over hours.
The MA 7 and MA 25 are above the priceโฆ and this confirms that the trend is still negative.
2) Howeverโฆ
There is a small bounce currently happening from 0.185 โ 0.224
And this is not a full riseโฆ this is called a corrective bounce (Pullback).
3) Important Levels
Strong Support: 0.185
First Resistance: 0.232
Second Resistance: 0.262 (MA25)
๐ฏ Ready Trading Strategy (according to the chart you have)
If you want to enter a Buy (Short-term trade):
โ๏ธ Entry Point:
0.222 โ 0.226 (the current price is excellent)
โ๏ธ First Target (Take Profit 1):
0.232
โ๏ธ Second Target (Take Profit 2):
0.248
โ๏ธ Third Target (Take Profit 3):
0.260 (if it breaks MA25)
โ๏ธ Stop Loss:
0.198 below the safety zone
๐ Okayโฆ Can I enter a trade on the drop (Short)?
Yes, you canโฆ but a clear break is needed.
Sell Trade (Short)
โ Enter only if it breaks 0.210 with a 15-minute candle closing below it
โ๏ธ Downward Target:
0.185 (strongest support)
โ๏ธ Stop Loss:
Above 0.232
๐ก Quick Summary
The currency is in a downward trend.
What is happening now is a bounce, not a full rise.
You can enter a short buy for a small target.
Or wait for a break of 0.210 and enter down.
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$AIOT
