IOUSDT | Heading Lower Before the Big Pump?

minno91 Updated   
BYBIT:IOUSDT.P   IOUSDT Perpetual Contract
Market Context
IOUSDT just attempted a breakout, but I’m not buying it. Here's why:

Chart Analysis
Despite the recent breakout attempt, the volume isn't convincing. Without the necessary volume, this move seems weak and likely to reverse.

I’m expecting IOUSDT to dip lower before it catches the wave with BTC's anticipated pump later this week. This could be a strategic opportunity to short now and buy back in at a lower price.

Stay tuned—this market move could be quite the rollercoaster!
Trade closed: stop reached:
trade continued...


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.