📈 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-p