IOST/USDT - Potential Short Scenario

Hello Traders!

The downward price formation of IOST continues. The price is testing the support level of $0.01350

Based on the analysis of senior timeframes, it is possible to assume the continuation of the downward price trend to the levels of January 2021. In this case, we can consider the set of medium-term positions, which we can gain at the support level of $0.00466 in the price range of $0.00466 - $0.00760.

The targets of such purchases will be the levels of $0.01350 and $0.02100

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice

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