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Wait, are we really seeing a reversal or is this just a big trap?
$AIOT is moving very wildly right now. We just passed a bad bottom around 0.008, and the volume coming in is truly crazy.
Look at that daily candle. We are testing the 0.052 area that has become a major psychological level. If we can turn 0.056 into support, not much is stopping a bigger rise.
But be careful. The RSI is likely screaming, and we just saw a large wick on the previous attempt. I am watching the possibility of retesting the 0.038 zone if this momentum subsides.
Are you chasing this or waiting for a dip? I tend to lean toward a correction before the next upward move.
Don't get liquidated trying to be a hero.
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