$AIOT is showing signals of rejection at the resistance zone, the bullish structure is weakening as buying pressure can no longer sustain the breakout momentum. After the previous rebound, the price is currently trading within a narrow range and continuously faces selling pressure whenever approaching the upper area.


📈 Trend analysis
• The price reacts negatively at the important resistance zone.
• The short-term structure is weakening, showing signs of distribution.
• If it cannot break through the resistance, it is highly likely to continue adjusting to lower support levels.
In the current context, the preferred scenario is to look for short entries on the rebound.
💸 Trading plan (Short)
• Entry: 0.107 – 0.112
• Stop Loss: 0.122
• Take Profit 1: 0.098
• Take Profit 2: 0.090
• Take Profit 3: 0.080
Traders should manage capital carefully and avoid entering trades when the price has fallen too far from the suggested entry zone. If the price breaks strongly above 0.122 with high volume, the bearish scenario will be invalidated. Always wait for clear confirmation before entering a trade to limit risks during highly volatile market conditions.
AIOT14.08%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin