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【$IRYS Signal】Pullback to buy, 1H level charging up for launch
$IRYS The 1H level is consolidating sideways around 0.032, with the 4H Bollinger middle band at 0.0291 providing strong support, MACD double lines are above the zero line and converging. Buying depth exceeds selling by 25%, indicating clear capital support intentions.
Price can directly enter the market if it pulls back to the 0.02956 - 0.03193 range.
🛑Place the stop below 0.02816.
🚀First target is 0.03236, and after breaking through, look toward 0.03376.
🛡️Trading management: - Execution strategy: After reaching target 1, halve the position, and move the remaining stop-loss to the entry price. If the price cannot stabilize above the entry zone, exit decisively.
The 4-hour MACD histogram is still expanding, and the trend is not bad. The 1-hour volume is shrinking, which is a healthy correction after a rally. The current risk-reward ratio is close to 1:1, and risk is controllable. The funding rate of 0.5% is not extreme, and the risk of a short squeeze is limited. The key is whether the price can find support above the 1H EMA50 line at 0.0294 and volume increases again.
Check real-time market 👇 $IRYS
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