Is IOTA a Short Trade - Where Is It Going To Fall?

OTA was created that allows the “Paradigm Shift” to the Internet of Things by way of creating de facto standard “Ledger of Everything.” IOTA crypto doesn't make use of the standard blockchain technology employed by the majority of crypto currencies. As an alternative, it has designed a brand-new platform known as "Tangle," which utilizes a mathematical approach called "Directed Acyclic Graphs."

Prices are consolidating, and we see how this coin can easily hit our entry price. Notice that as IOTA’s net movement continue to fluctuate around the 1.200 thresholds over the past few days or so, the top price spiked higher and lower stays within the squeeze zone. We have seen this happening before like March 9-14 price action. IMO, I think that shorts can pick up IOTA at these prices and aim for short-term targets of $0.5325.