Post
Just checked the charts and dug into the latest news for $IOST
iost
IOSTUSDT
Perp
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-9.68%
‌. This isn't a normal market move; it's the aftermath of a textbook short squeeze that has now completely reversed.

The Real Story Behind the Crash

The massive 47% crash you're seeing today didn't happen in a vacuum. On September 8th, the IOST Foundation executed a 70 million token burn, which triggered a violent short squeeze. The price shot up from around $0.0005 to a high of **$0.0024** — a nearly 4x move — as an extreme funding rate forced short sellers to buy back their positions. That squeeze is now over. The funding rate has normalized, and the forced buying pressure has vanished, leaving the price to collapse under its own weight. This is a classic "sell the news" event where the pump was purely mechanical.

The Technical Breakdown

Looking at your 4-hour chart, the picture is clearly bearish. Price has collapsed from the $0.002221 high and is now trading at **$0.000924**. It is trading well below EMA5 ($0.000997)**, **EMA10 ($0.001073), and EMA30 ($0.001024)** — a clear bearish alignment. The **MACD** is in a deep bearish crossover with DIF (0.000039) below DEA (0.000100), and the histogram has turned sharply negative at -0.000061. The only glimmer of hope is that the price is holding just above the **24h low of $0.000903, but with the MACD momentum this weak, that support looks vulnerable.

Trading Plan: Short $IOST

· Entry: $0.000920 – $0.000940
· Stop Loss: $0.001000
· TP1: $0.000880
· TP2: $0.000840
· TP3: $0.000800

The short squeeze is over, and the chart shows the after-effects. The price is trading below its short-term moving averages, and MACD momentum is deeply negative. A retest of the pre-pump levels around $0.000800 looks highly probable.

👇 Do you think IOST will break below $0.00090 or is this the bottom? Drop your thoughts below!#GateTop4MainstreamCEX #SenateReleasesNewCLARITYAct
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IOSTIOST-9.68%


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CapitalLoafer
18 minutes ago
Wait, burning 70M tokens is bullish, right? How did it become fuel for a short squeeze...? I’ve seen this bullish-to-bearish script way too many times with shitcoins. Will the foundation pull something again?
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L2Wanderer
23 minutes ago
This analysis is so thorough. It turns out the 47% plunge was a natural pullback after the short squeeze ended, not a fundamental issue. With the MACD death cross this deep, $0.0008 will very likely be touched.
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RiskRewardManic
31 minutes ago
First Review
Short-squeeze rallies always come and go quickly. IOST’s move from $0.0005 to $0.0024 before falling back is a typical liquidity trap. The EMA lines are now in a fully bearish alignment, so chasing shorts is safer than bottom-fishing.
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