$IREN has printed 8 consecutive red weeks. That's a brutal streak.
Now sitting inside a weekly demand zone—the kind of area where buyers historically showed up. Not a guarantee, just a zone where price previously found support.
The question isn't whether it's "due" for a bounce. Markets don't owe us mean reversion. The question is whether there's actual buying interest here or if this level gets sliced through like the last seven.
Watch for volume confirmation and price structure. Demand zones work until they don't.
Now sitting inside a weekly demand zone—the kind of area where buyers historically showed up. Not a guarantee, just a zone where price previously found support.
The question isn't whether it's "due" for a bounce. Markets don't owe us mean reversion. The question is whether there's actual buying interest here or if this level gets sliced through like the last seven.
Watch for volume confirmation and price structure. Demand zones work until they don't.
