2026-01-21 11:01:30

📈 Technical Analysis: Iota ( $IOTA )

Market capitalization: $350M.
Interesting timing: today, January 21, marks the unlock of 12.37 million IOTA tokens (~$1.15M), representing 0.26% of the total supply.

🟡 Tokens are distributed among the Tangle Ecosystem Association, IOTA DLT Foundation, and IOTA Foundation.

🟡 On the IOTA chart, a clear reversal candlestick pattern has formed with a bounce off the level. An excellent opportunity to enter a short position.

How to trade❔

💬 Entry: upon confirmation of rejection from the current resistance level. Stop-loss: above the resistance level. Take-profit: in the support level cluster below.

💬 Risk/reward ratio: acceptable, but if you want better – wait for a small pullback upward.

💬 Alternative scenario: if the price breaks through the resistance level upward – consider buying.

💬 But before entering, be sure to evaluate the risk/reward ratio – it may not be the most attractive. Stop behind the extreme, profit – before the next level above.

Conclusion:
Today's token unlock may create short-term price pressure – the perfect moment for those looking to enter a short.

📈 Open a trade with $IOTA ‌
🔗 Chat • X • JioCoinsX

IOTA2,86%

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