📉 *Important update for $AIOT
* 📊
$AIOT is still under strong downward pressure after a significant collapse from the distribution area of $0.22 – $0.24. The market structure remains clearly bearish with strong selling followed by a weak corrective bounce. The price failed to reclaim the main resistance around $0.173 – $0.175, confirming that the recent bounce is just a relief move and not a reversal. Currently, $AIOT is trading near $0.171, remaining below the breakdown level that turned into resistance.
_Trading Setup_:
- _Sell Entry Point_: $0.170 – $0.175 📍
- _Stop Loss_: $0.200 ⚠️
- _Take Profit Targets_:
- _Target 1_: $0.155 📉
- _Target 2_: $0.135 📊
- _Target 3_: $0.115 💥
_Technical Analysis_:
- _Downward Momentum_: Shows the continuation of the decline with the price remaining below resistance 🔄.
- _Bearish Continuation_: As long as the price remains below $0.175 – $0.180, sellers remain in control with the possibility of further downward movement 📉.
The currency shows potential for a drop with the possibility of further downward movement 📉.