After being launched on Binance in the last 30 days IOST has steadily been tracking downwards but in the past few days has found a base of support around the 400 sats mark. Although we got off to a rough start I believe this was partly due to bitcoins consolidation over the past couple of months and IOST is yet to be given a fair chance to prove itself.
I can see that for the last 10 days or so a descending has been forming bouncing off support at 400, on the upside we have rejected from the 437 resistence level a few times now but overall I believe this chart is starting to look good.
A 4 HR is forming with around 1 hour until it closes, is hovering around 50, is tight but .
Go Long on an bull break of 437 Sats , set your stop loss at 409 sats
Take 25% profit at 462
Take 50% profit at 519
Hold the rest.
A break below 400 sats will see further moves downwards.
Good luck and happy trading!