đŽ $IREN RETESTS THE BREAKOUT SHELF AS SELLERS PREPARE FOR DOWNSIDE CONTINUATION đ
Entry: 29.4 - 29.48 âĄ
Target: 29.04, 28.68, 28.32 đŻ
Stop Loss: 29.85 đ
The 1H chart on $IREN has rotated back into the breakdown origin, where overhead supply is steadily suffocating buyer momentum. đ Sellers stepped in right on schedule to defend the retest, setting the stage for clean continuation lower.
With structured profit targets extending to a 2.73R multiple, the distribution structure favors bears holding below the 29.85 ceiling. đĄ Scaling out in tranches ensures locked gains as lower liquidity pockets get tapped. đ€ Are you pressing the short on this retest or waiting for confirmation below the range?
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #IREN #ShortSetup #PriceAction #CryptoTrading
đŻ đ
Entry: 29.4 - 29.48 âĄ
Target: 29.04, 28.68, 28.32 đŻ
Stop Loss: 29.85 đ
The 1H chart on $IREN has rotated back into the breakdown origin, where overhead supply is steadily suffocating buyer momentum. đ Sellers stepped in right on schedule to defend the retest, setting the stage for clean continuation lower.
With structured profit targets extending to a 2.73R multiple, the distribution structure favors bears holding below the 29.85 ceiling. đĄ Scaling out in tranches ensures locked gains as lower liquidity pockets get tapped. đ€ Are you pressing the short on this retest or waiting for confirmation below the range?
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #IREN #ShortSetup #PriceAction #CryptoTrading
đŻ đ