$IRYS has lost the 0.02 level. Two possible scenarios from here:
① A rebound fails to reclaim 0.02 → the level turns into resistance, with the 24h low at 0.01296 as the next downside target.
② A quick reclaim of 0.02 → this was probably just a wick, and shorts could easily get caught in a reversal.
I’m personally paying more attention to how the first rebound is absorbed.
#IRYS
NFA, do your own research.
① A rebound fails to reclaim 0.02 → the level turns into resistance, with the 24h low at 0.01296 as the next downside target.
② A quick reclaim of 0.02 → this was probably just a wick, and shorts could easily get caught in a reversal.
I’m personally paying more attention to how the first rebound is absorbed.
#IRYS
NFA, do your own research.