Post
aiot
AIOT/USDT
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-2.28%
‌The AIOT/USDT pair has aggressively shifted market structure to the upside, breaking out of a consolidation zone near 0.11020 and surging to a local high of 0.18519 before entering a current retracement phase.

Price action is currently trading around 0.16792, showing a pullback that is respecting the middle Bollinger Band (MB: 0.16065) as dynamic support, while the MACD histogram is flattening near the zero line, indicating momentum is cooling off after the massive pump.

Candlestick Pattern: The recent candles exhibit a "flagging" behavior with small-bodied red and green candles interspersed with long wicks, suggesting indecision but also a healthy consolidation rather than a reversal.

My Prediction: I predict price will likely range between the mid-band support (0.16065) and the upper band resistance (0.17800) to digest the gains; if it holds the 0.160 level, a retest of the 0.185 high is highly probable.

Trading Plan: I am looking for a long entry near the middle Bollinger Band support (0.160-0.163) with a tight stop-loss just below the recent swing low or the lower band (0.143).

What trade plan I follow and why: I am following a "Trend Continuation / Buy the Dip" strategy because the overall trend is clearly bullish, and the current pullback offers a better risk-to-reward ratio than buying at the top of the green candle.

When I start my trade: I will start my trade once the 1-hour candle closes with a bullish rejection wick near the MA10 line or when the MACD lines cross bullishly again above the zero axis.

Final Verdict: Bullish bias remains strong; the current red candles are just a pause in a larger uptrend, so look for long opportunities on support holds rather than shorting the pullback.
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AIOTAIOT-2.28%


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Comment 4
EqunixHubAuthor
Earnings season getting spicy 📊
EqunixHubAuthor
Too scared to chase this 🥲
EqunixHubAuthor
Who's your Creator of the Year? 🏆
EqunixHubAuthor
Interesting angle 💡