IOTA bearish trend signal detected. Price will drop.

Tom Demark count gave a red 2 on the daily chart. This is a clear bearish signal. Price will drop up to 7 more days.
Price might drop till Fibonacci 0.618 - 0.58420 USD before recovery.

Here is my trading idea:

Short at: 0.77
Take profit: 0.60
Stop loss: 0.95