The previous top of 18 cents (even the range from 18 -14 cents) indicated a serious overbought (and highly risky) position on the technical charts. In all trades, it is always necessary to have stop loss triggers in place to protect further losses on the downside. Even though there has been some recovery on the IOT price today, my sympathies are extended to those who have incurred serious losses on IOT. I hope further recovery occurs on the price.
IOT Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
