IOTA is testing the 0.18 resistance after a 4% drop, and the 1‑hour chart shows a clear bearish swing. The next 0.15 level aligns with yesterday’s order block, setting the stage for a short.
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$IOTA SHORT 📉
Entry → $0.046743-$0.046837
Stop → $0.048194 (-3.0%)
TP1 → $0.046088 (+1.5%)
TP2 → $0.044450 (+5.0%)
R/R 1:1.7 • Confidence 64%
A change of character broke the higher low, confirming the CHoCH, while CVD turned negative, confirming selling pressure. The price sits in a fair value gap that overlaps an order block, creating a POI confluence, and a liquidity sweep took out the 0.18 level. All signs point to a short bias.
A 3.0% stop is relatively tight on a 1.7 R/R, so keep leverage at 5x or lower.
Take half profit at the first target around 0.155 to lock in risk‑reward.
Not financial advice — always manage your own risk 🙏
$IOTA #IOTAUSDT #SMC #TradingSignals #Write2Earn