$IO GETS REJECTED AND OUR SHORT POSITION HAS BEEN PROVEN EFFECTIVE!
Reviewing the resistance levels of IO. We were able to identify how it could possibly bounce from its support and get rejected at its resistance at the same time. This confirms the fact that a consolidation may appear. A consolidation from these price ranges should create a new price action that will become its foundation for the upcoming altseason. We are also looking at the possibility for a continuation of its accumulation. Thus, a good correction should appear from here that would become the catalyst for its rally soon.
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Stay wise, trade cautiously.