Why I'm Not Trading $IRYS Right Now (and What Changes That)
TL;DR: no trade at 0.19697. Reward-to-risk is under 1.5, so I wait for 0.11500 or 0.50406.
🧪 Research verdict: LONG WHILE BTC NEUTRAL - mixed edge, majors only
⏸️ The levels I'm waiting for
🟢 Long idea only near 0.11500, with a daily candle holding it
🔴 Short idea only near 0.50406, with a daily candle rejecting it
A counter-trend short near 0.49134 has R:R 7.4, but I skip trades against the trend.
Key levels: support 0.11500 / 0.04133 · resistance 0.50406 / 0.55492
📏 7-day range (68%): 0.15443 – 0.24500. This band held on 74% of days last year.
💬 Which level breaks first? Tell me below.
Not financial advice · Data: Binance Futures
$IRYS #IRYS #TradingSetup #CryptoAnalysis
⚠️ Research by Pravin Soni - DYOR
TL;DR: no trade at 0.19697. Reward-to-risk is under 1.5, so I wait for 0.11500 or 0.50406.
🧪 Research verdict: LONG WHILE BTC NEUTRAL - mixed edge, majors only
⏸️ The levels I'm waiting for
🟢 Long idea only near 0.11500, with a daily candle holding it
🔴 Short idea only near 0.50406, with a daily candle rejecting it
A counter-trend short near 0.49134 has R:R 7.4, but I skip trades against the trend.
Key levels: support 0.11500 / 0.04133 · resistance 0.50406 / 0.55492
📏 7-day range (68%): 0.15443 – 0.24500. This band held on 74% of days last year.
💬 Which level breaks first? Tell me below.
Not financial advice · Data: Binance Futures
$IRYS #IRYS #TradingSetup #CryptoAnalysis
⚠️ Research by Pravin Soni - DYOR