$IRYS — BREAKOUT MOMENTUM ALERT
IRYS has broken out of its previous consolidation range with a powerful bullish candle and a sharp increase in volume. Price is currently at $0.01840, up 20.73% on the screenshot. However, the long upper wick near $0.02220 signals potential selling pressure at higher levels. Avoid chasing this extended move.
Direction: LONG — WAIT FOR PULLBACK CONFIRMATION
Entry Zone: $0.01600–$0.01700 (proposed)
TP1: $0.01950 (proposed)
TP2: $0.02080 (proposed)
TP3: $0.02220 (proposed)
Stop Loss: $0.01520 (proposed)
Support: $0.01500–$0.01600; deeper support near $0.01200–$0.01300
Resistance: $0.01850–$0.01900; $0.02000; $0.02220
Execution Plan: Wait for a pullback toward the proposed entry zone and a bullish 4H reaction before entering. A sustained move above $0.01850–$0.01900 could support further upside. A loss of the entry zone weakens the setup, while a break below $0.01520 invalidates this proposed trade.
Trade smart. Manage risk.
$IRYS
IRYS has broken out of its previous consolidation range with a powerful bullish candle and a sharp increase in volume. Price is currently at $0.01840, up 20.73% on the screenshot. However, the long upper wick near $0.02220 signals potential selling pressure at higher levels. Avoid chasing this extended move.
Direction: LONG — WAIT FOR PULLBACK CONFIRMATION
Entry Zone: $0.01600–$0.01700 (proposed)
TP1: $0.01950 (proposed)
TP2: $0.02080 (proposed)
TP3: $0.02220 (proposed)
Stop Loss: $0.01520 (proposed)
Support: $0.01500–$0.01600; deeper support near $0.01200–$0.01300
Resistance: $0.01850–$0.01900; $0.02000; $0.02220
Execution Plan: Wait for a pullback toward the proposed entry zone and a bullish 4H reaction before entering. A sustained move above $0.01850–$0.01900 could support further upside. A loss of the entry zone weakens the setup, while a break below $0.01520 invalidates this proposed trade.
Trade smart. Manage risk.
$IRYS