$IRYS 1-hour decline of 6.65%, current price 0.02398. There are two possible scenarios from here:
① It holds sideways on lower volume and recovers the starting point of the drop → this was most likely a sentiment-driven sell-off
② The rebound fails to reclaim that level and price breaks below the 24-hour low of 0.02207 → weakness is likely to continue
Personally, I’d wait to see how strong the first rebound is before drawing a conclusion. Signal or trap?
#IRYS
Do your homework before placing an order.
① It holds sideways on lower volume and recovers the starting point of the drop → this was most likely a sentiment-driven sell-off
② The rebound fails to reclaim that level and price breaks below the 24-hour low of 0.02207 → weakness is likely to continue
Personally, I’d wait to see how strong the first rebound is before drawing a conclusion. Signal or trap?
#IRYS
Do your homework before placing an order.
