Trading volume $21M, up 26 points in crypto—can you believe it?
$IREN went straight from 31.8 to 41.86, and now it’s retracing to 40.32. This upper wick punctures the sky, but the price hasn’t collapsed—meaning there’s selling pressure above and buyers waiting below. This is a classic turnover-and-wash move. Is it a real breakout or a fake move? Let’s see if it can hold above 40 in the next 48 hours.
Price and volume aren’t diverging—the surge is supported by real money entering the market. After the spike to 41.86, volume shrank and it pulled back. This isn’t a distribution pattern; it looks more like the bulls are building momentum.
Longs: watch around 40. If it holds, go in. TP: 43–44. SL: set at 38.5—if it breaks, get out. Don’t get greedy for the last bite.
Anyway, I’m in the car—you do you. Anyone who got thrown off the train or chased and got stuck knows the feeling. Tell me in the comments: where are you planning to enter?
#IREN
$IREN went straight from 31.8 to 41.86, and now it’s retracing to 40.32. This upper wick punctures the sky, but the price hasn’t collapsed—meaning there’s selling pressure above and buyers waiting below. This is a classic turnover-and-wash move. Is it a real breakout or a fake move? Let’s see if it can hold above 40 in the next 48 hours.
Price and volume aren’t diverging—the surge is supported by real money entering the market. After the spike to 41.86, volume shrank and it pulled back. This isn’t a distribution pattern; it looks more like the bulls are building momentum.
Longs: watch around 40. If it holds, go in. TP: 43–44. SL: set at 38.5—if it breaks, get out. Don’t get greedy for the last bite.
Anyway, I’m in the car—you do you. Anyone who got thrown off the train or chased and got stuck knows the feeling. Tell me in the comments: where are you planning to enter?
#IREN