$IOTX /JPY BEARISH CONTINUATION — DOWNWARD PRESSURE INTENSIFIES
$IOTX is correcting -7.6%, trading below MA(7), MA(25), and MA(99), signaling a clear short-term bearish alignment. MACD is negative (DIF < DEA) and widening, confirming selling momentum. Volume remains moderate but sufficient to sustain downside, with immediate support near 0.727. A break below this level could trigger accelerated decline.
📉 Trade Setup
Entry Zone (Short):
0.780 – 0.790
Take Profit Targets:
• TP1: 0.727
• TP2: 0.721
• TP3: 0.710
Stop Loss:
0.805 (Above MA(25) resistance)
📊 Short Market Outlook
Trend structure is decisively bearish as long as price remains below MA(25) and MA(99). MACD confirms downward momentum, and sellers dominate near-term price action. A clean break below 0.727 could accelerate downside toward 0.721–0.710.
Bias: Bearish below 0.805
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