$IRYS 5 minutes, down 3.66%, with the current price at 0.0301. There are two possible scenarios:
① It holds sideways on lower volume and reclaims the breakdown level → this was probably just a sentiment-driven selloff.
② The rebound fails to reclaim it, and the price breaks below the 24h low of 0.02556 → weakness is likely to continue.
Personally, I’ll wait to see how strong the first rebound is before drawing a conclusion. Which scenario do you think is more likely? Let me know in the comments.
① It holds sideways on lower volume and reclaims the breakdown level → this was probably just a sentiment-driven selloff.
② The rebound fails to reclaim it, and the price breaks below the 24h low of 0.02556 → weakness is likely to continue.
Personally, I’ll wait to see how strong the first rebound is before drawing a conclusion. Which scenario do you think is more likely? Let me know in the comments.
