$IRYS / USDT – Leveraged Buyers Face Pressure
IRYS recorded a $1.3508K long liquidation at $0.03834. This suggests that some bullish traders were forced to exit, potentially adding short-term selling pressure. Buyers need to stabilize price before a convincing recovery can develop.
Potential Entry Zone: $0.0380–$0.0385
Upside Targets: $0.0389 / $0.0396
Downside Targets: $0.0377 / $0.0372
Protective Stop-Loss: Below $0.0376 for a long setup
Short-Term Bias: Neutral to bearish
A recovery above $0.0385 could signal improving demand. If price breaks below nearby support, sellers may retain control.
#EarningsSeason
#BinancePick
#DowDrops653Points
IRYS recorded a $1.3508K long liquidation at $0.03834. This suggests that some bullish traders were forced to exit, potentially adding short-term selling pressure. Buyers need to stabilize price before a convincing recovery can develop.
Potential Entry Zone: $0.0380–$0.0385
Upside Targets: $0.0389 / $0.0396
Downside Targets: $0.0377 / $0.0372
Protective Stop-Loss: Below $0.0376 for a long setup
Short-Term Bias: Neutral to bearish
A recovery above $0.0385 could signal improving demand. If price breaks below nearby support, sellers may retain control.
#EarningsSeason
#BinancePick
#DowDrops653Points