$IRYS broke above the 0.02 level. There are two possible scenarios next:
① If it retests 0.02 and holds → the level turns into support, with the 24h high of 0.02237 as the first upside target.
② If it falls back below 0.02 and fails to reclaim it → this was probably a false breakout, so don't get attached to the trade.
Personally, I'm paying more attention to how it holds up on the first retest.
① If it retests 0.02 and holds → the level turns into support, with the 24h high of 0.02237 as the first upside target.
② If it falls back below 0.02 and fails to reclaim it → this was probably a false breakout, so don't get attached to the trade.
Personally, I'm paying more attention to how it holds up on the first retest.