$IO USDT TRADE SETUP
IO is in a clear higher-timeframe downtrend, so don’t fool yourself into calling this a reversal. What we have is a dead-cat bounce zone after a sharp selloff from 0.36. Price reacted cleanly from 0.159, which is a short-term demand. This is a counter-trend scalp, not a long-term hold.
EP 0.176 – 0.183
TP 1 0.195
TP 2 0.215
TP 3 0.238
SL 0.158
If it loses 0.158, trend continuation down resumes.
#BinanceBlockchainWeek #TrumpTariffs #CryptoRally #WriteToEarnUpgrade
IOUSDT
Perp
0.1663
-5.88%