$IRYS
Up about +37.5%, with open interest up 147%—capital is still flowing in, but don’t chase at the current price; wait for a pullback.
Price is around 0.01722, with a 24h high near 0.01779 and a low near 0.01249; funding rate is about +0.005%.
Direction: Don’t chase the rally; wait for a pullback before considering a long.
Aggressive: Try a small long position on a pullback to around 0.0153. Stop-loss at 0.0145 (about −5.2%); initial target at 0.0183.
Conservative: Wait for the price to stabilize around 0.0141 before entering. Stop-loss at 0.0134 (about −5.0%); target around 0.0169.
Which comes first: a dip to 0.0153 or a touch of 0.0183?
Note: This analysis is for reference only and does not constitute investment advice!
#IRYS
#ContractMarketMoves
Up about +37.5%, with open interest up 147%—capital is still flowing in, but don’t chase at the current price; wait for a pullback.
Price is around 0.01722, with a 24h high near 0.01779 and a low near 0.01249; funding rate is about +0.005%.
Direction: Don’t chase the rally; wait for a pullback before considering a long.
Aggressive: Try a small long position on a pullback to around 0.0153. Stop-loss at 0.0145 (about −5.2%); initial target at 0.0183.
Conservative: Wait for the price to stabilize around 0.0141 before entering. Stop-loss at 0.0134 (about −5.0%); target around 0.0169.
Which comes first: a dip to 0.0153 or a touch of 0.0183?
Note: This analysis is for reference only and does not constitute investment advice!
#IRYS
#ContractMarketMoves