$IOTA is experiencing a volume-driven decline, with weak price action. Combined with open interest data, this is not simply a long liquidation, but more likely accompanied by main capital outflows. The current market structure is bearish, lacking clear support absorption signals.
🎯 Direction: Short position
Wait for the price to show a clear stop decline or reversal pattern on a lower time frame before evaluating entry opportunities. The current risk-reward ratio is poor, and forcing a trade is not a wise move.
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$IOTA is experiencing a volume-driven decline, with weak price action. Combined with open interest data, this is not simply a long liquidation, but more likely accompanied by main capital outflows. The current market structure is bearish, lacking clear support absorption signals.
🎯 Direction: Short position
Wait for the price to show a clear stop decline or reversal pattern on a lower time frame before evaluating entry opportunities. The current risk-reward ratio is poor, and forcing a trade is not a wise move.