- $IOTX shows a bearish liquidity grab setup below key support levels.
- Rejection from an Advanced Order Block signals potential downside.
- Market structure confirms a bearish trend, with risks of a reversal.
CryptoPatel (@CryptoPatel) recently shared a compelling analysis on X, spotlighting a bearish liquidity grab short setup for $IOTX/USDT, posted on September 6, 2025. With price action rejecting an Advanced Order Block and trading below $0.502650, the setup signals a potential downward move. This analysis comes as $IOTX, the native token of the IoTeX network, navigates a privacy-focused blockchain ecosystem tailored for the Internet of Things (IoT). Let’s explore the technicals and broader context.
The chart highlights a strong rejection from the Advanced Order Block, with liquidity resting at $0.502650 acting as a downside magnet. Market structure further supports a clear bearish continuation, reinforced by a break below previous week’s lows. This liquidity grab—where price spikes to trap buyers before reversing—is a tactic traders often exploit. However, $IOTX’s current price, around $0.0299 (per recent web data), suggests a disconnect with the $0.502650 level, indicating a possible typo or misinterpretation in the original post. Assuming a corrected context, the bearish case hinges on a break below a key support, potentially around $0.027-$0.03, aligning with recent price action.
IoTeX’s fundamentals remain robust, with $75M staked and partnerships like NASDAQ-listed U Power boosting its DePIN narrative. Yet, the token has faced volatility, dropping 3% recently amid a neutral market sentiment (score of 46). A sustained move below support could target lower levels, though bullish catalysts like the eToroUS listing (announced August 2025) might cap the downside. Risks include a sudden reversal if volume spikes or if IoTeX’s AI and RWA integrations gain traction.Traders should monitor $0.026-$0.03 for confirmation. While the bearish setup looks promising short-term, $IOTX’s long-term outlook depends on ecosystem growth. Stay cautious and watch the charts closely.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
