$AIOT Is this a sign of wash trading or preparing for a dump???

Don't be fooled by the previous rally; it's essentially a trap to lure more buyers. The price quickly surged to 0.106 but didn't continue upward; instead, it kept falling back, with lower highs indicating heavy selling pressure above, and funds are using the rally to offload. Now, the rebound to around 0.091 is clearly encountering resistance, with several candlesticks unable to break through, and buying momentum is weakening. This isn't strong consolidation but a typical high-level divergence turning weak. Once the 0.09 support is repeatedly exhausted, a sharp decline is very likely.

Brother Rui's thinking is very clear: when the rebound approaches 0.090-0.089, look for opportunities to short, with stop-loss above the previous high. Once it breaks below 0.088 and confirms weakness, the downside space opens up. Remember one thing: a rally that doesn't continue is most likely used for shorting.

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