$AIOT – Weak Bounce Into Resistance, Bearish Rejection Setup.
Trade Setup: SHORT (Max 10x)
Entry Zone: 0.0421 – 0.0443
Stop Loss: 0.0473
Take Profits:
• TP1: 0.0395
• TP2: 0.0365
• TP3: 0.0335
$AIOT has pushed back into a key resistance zone, but the price action is clearly lacking conviction. Instead of a strong breakout with momentum, the move is slowing down and showing hesitation near the highs.
This kind of behavior often signals exhaustion. Buyers are no longer driving price aggressively, and each attempt to push higher is met with weaker follow-through. That’s typically where sellers begin to step in.
If this resistance continues to hold, a rejection is likely, opening the door for a downside move toward the marked take-profit levels. The setup favors a controlled short, especially if price confirms weakness within the entry zone.
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