$IRYS Buyers Are Back, But the Next Resistance Will Decide the Move
IRYS is showing a fresh recovery after defending its recent low. The current structure suggests that buyers are attempting to turn the latest rebound into a stronger upward trend.
LONG SETUP
Entry Zone: 0.0210 – 0.0215
Stop Loss: 0.0189
TP1: 0.0228 – 0.0232
TP2: 0.0240 – 0.0244
TP3: 0.0260 – 0.0265
Why This Setup?
IRYS is trading around 0.02186 after recovering from 0.01901. The recent upward move has established an ascending channel, while increased volume indicates renewed market participation.
The immediate resistance lies between 0.0228 and 0.0232. A decisive breakout above this area could create an opportunity for a continuation toward 0.0240–0.0244.
If bullish momentum remains strong, the previous swing high near 0.02656 becomes a potential extended target.
However, the price is approaching resistance after a strong move. A pullback toward 0.0210–0.0215 could provide a more controlled entry opportunity.
Confirmation Trigger: A bullish rebound from the entry zone or a confirmed breakout above 0.0232.
Invalidation: A sustained breakdown below 0.01901 would weaken the recovery structure.
The setup remains bullish while the ascending structure holds, but chasing an extended candle can increase risk.
Consider risking only 1–3% of your trading deposit per trade.
Wait for confirmation. Let the market prove the setup.
IRYS is showing a fresh recovery after defending its recent low. The current structure suggests that buyers are attempting to turn the latest rebound into a stronger upward trend.
LONG SETUP
Entry Zone: 0.0210 – 0.0215
Stop Loss: 0.0189
TP1: 0.0228 – 0.0232
TP2: 0.0240 – 0.0244
TP3: 0.0260 – 0.0265
Why This Setup?
IRYS is trading around 0.02186 after recovering from 0.01901. The recent upward move has established an ascending channel, while increased volume indicates renewed market participation.
The immediate resistance lies between 0.0228 and 0.0232. A decisive breakout above this area could create an opportunity for a continuation toward 0.0240–0.0244.
If bullish momentum remains strong, the previous swing high near 0.02656 becomes a potential extended target.
However, the price is approaching resistance after a strong move. A pullback toward 0.0210–0.0215 could provide a more controlled entry opportunity.
Confirmation Trigger: A bullish rebound from the entry zone or a confirmed breakout above 0.0232.
Invalidation: A sustained breakdown below 0.01901 would weaken the recovery structure.
The setup remains bullish while the ascending structure holds, but chasing an extended candle can increase risk.
Consider risking only 1–3% of your trading deposit per trade.
Wait for confirmation. Let the market prove the setup.
