The recent pump of IOTX has indeed been fierce, but there is a rule in the market that no one can escape — after a big pump, there must be a pullback for adjustments. Entering the market by chasing the price now is not a favorable risk-reward ratio.

Where is the real opportunity? When there is a pullback to key support levels.

From the chip distribution perspective, the range from 0.01240 to 0.01285 is the most densely traded area recently and serves as the launch pad for the bulls' rebound this time. Technically speaking, if this position holds during a pullback, it indicates a solid bottom structure, which is essential for the sustainability of the subsequent movement.

This can be planned as follows:
When the price pulls back to the range of 0.01240-0.01285, enter in batches, do not go all in at once. The first target is 0.01370; when it reaches this position, you can take some profits. If it can stabilize and break through, 0.01440 and 0.01525 are both potential upward spaces.

Risk management is always the top priority. Set the stop loss below 0.01195. If it falls below this level, it indicates that the support has failed and the structure has deteriorated. Acknowledge your mistakes when necessary, and don't go against the market.

Those who can buy are apprentices, those who can sell are masters, and those who can wait are the grandmasters.