$IOTA IS SHOWING A TEXTBOOK SHORT SETUP WITH 80% DOWNSIDE BIAS 🔥
Entry: 0.0357 🔥
Target: 0.0348 🚀
Stop Loss: 0.0365 ⚠️
The current trend structure on higher timeframes favors a continuation of the downtrend. Price action is probing resistance at 0.0357, a level that has previously acted as a pivot for reversals. The RSI on the 4H is printing a lower high, confirming weakening momentum.
Combined with the 80% bias for continuation in the trend, this setup offers a clean risk-to-reward of over 1:3 if the downtrend extends to the first target. Are you watching this level for a short entry?
Not financial advice. Always manage your risk.
#IOTA #ShortSetup #Short #Crypto #Momentum
🔥
Entry: 0.0357 🔥
Target: 0.0348 🚀
Stop Loss: 0.0365 ⚠️
The current trend structure on higher timeframes favors a continuation of the downtrend. Price action is probing resistance at 0.0357, a level that has previously acted as a pivot for reversals. The RSI on the 4H is printing a lower high, confirming weakening momentum.
Combined with the 80% bias for continuation in the trend, this setup offers a clean risk-to-reward of over 1:3 if the downtrend extends to the first target. Are you watching this level for a short entry?
Not financial advice. Always manage your risk.
#IOTA #ShortSetup #Short #Crypto #Momentum
🔥