$IRYS lost the 0.018 level (current price: 0.01825, now back above it). There are two possible scenarios:
① It rebounds to 0.018 but fails to reclaim it → the level turns into resistance, with the 24h low of 0.01296 as the downside target.
② It quickly reclaims 0.018 → this looks more like a false breakdown, and short positions could easily get squeezed.
I’m paying more attention to how the first rebound plays out.
#IRYS
Volatility is significant, so use leverage cautiously.
① It rebounds to 0.018 but fails to reclaim it → the level turns into resistance, with the 24h low of 0.01296 as the downside target.
② It quickly reclaims 0.018 → this looks more like a false breakdown, and short positions could easily get squeezed.
I’m paying more attention to how the first rebound plays out.
#IRYS
Volatility is significant, so use leverage cautiously.