Short $IOTA for Potential Profits
IOTA's price is in a clear downtrend with lower highs and lows. Key reasons:
1. Bearish Chart Patterns: Head & Shoulders and support breakdown signal further decline.
2. Weak Sentiment: Reduced demand and broader market selloff add pressure.
3. Technical Indicators: RSI overbought, MACD bearish, and price below key moving averages.
The price could decline to $0.30 and potentially $0.20 if bearish momentum continues. Consider shorting for potential gains.