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Currently don't play with $IRYS guys, don't do revenge trading. It's highly volatile and is likely to rise again.
If you have been liquidated in $IRYS , currently don't open another big volume trade otherwise you will lose it all. Let it stable first and then we will chase another one.
Looks like more short squeeze is gonna take place ☠️
IRYS has surged over 100%, but price is consolidating near the 0.04536 resistance. MA7 (0.04265) remains above MA25 (0.03944) and MA99 (0.02750), keeping the broader trend bullish. However, MACD has turned slightly negative, suggesting momentum is cooling, while recent volume is easing. A confirmed rejection could trigger a pullback toward 0.04100 and 0.03950.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
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🚨 Will $BTW Squeeze More Shorts or Tumble to $0.01 📉
Cast Your Free Vote Here 👈
Honestly, guys, I don't think BTW is going to fall that easily. Before we see any major dump, I believe it could trigger another massive short squeeze and catch a lot of traders off guard.
If funding rates really reach around -2%, things could get crazy. Too many traders betting on a price drop could become fuel for another sharp pump, potentially pushing BTW toward $2 and even higher.
Just look at the daily chart. BTW has already dropped sharply from its high of $2.75, but the price is still hovering around the MA(25) near $1.67. The MA(7) is around $2.00, and the MACD has turned bearish, showing that momentum is weakening.
My personal take? I think BTW could continue playing this game, squeezing shorts when everyone expects a dump, before eventually turning down hard. But timing it won't be easy, and a squeeze can liquidate shorts before the actual fall begins.
Could it eventually crash toward $0.01? Nobody knows. That's an extreme speculative scenario, not a guaranteed destination.
IRYS has surged over 100%, but price is consolidating near the 0.04536 resistance. MA7 (0.04265) remains above MA25 (0.03944) and MA99 (0.02750), keeping the broader trend bullish. However, MACD has turned slightly negative, suggesting momentum is cooling, while recent volume is easing. A confirmed rejection could trigger a pullback toward 0.04100 and 0.03950.
Note: If EP2 and EP3 are not reached, enter 100% at EP1.
🫂 Join my Binance Group Chat and Let’s together win every trade.