$IRYS Massive breakout, but can buyers hold the momentum? 📈
Direction: LONG 🟢
Entry: 0.0180–0.0185 after a successful retest
SL: 0.0172
TP1: 0.0195
TP2: 0.0200
TP3: 0.0220
Timeframe: 4H
IRYS has made a sharp move from the 0.013 area toward 0.02237, showing strong buying pressure. However, the latest price around 0.01875 is below the recent spike high, suggesting that some traders may already be taking profits. I would not chase this candle after such an aggressive move. My preferred approach is to wait for price to revisit the 0.0180–0.0185 zone and look for buyers to defend it. A sustained recovery above 0.0200 could improve the chances of another test of the 0.0220 resistance area. If price loses 0.0172, the bullish setup is invalidated, and further downside becomes possible. These levels are a conditional chart-based plan, not a guaranteed outcome.
Would you wait for the retest or trade the breakout?
$DOOD
$GTC
Direction: LONG 🟢
Entry: 0.0180–0.0185 after a successful retest
SL: 0.0172
TP1: 0.0195
TP2: 0.0200
TP3: 0.0220
Timeframe: 4H
IRYS has made a sharp move from the 0.013 area toward 0.02237, showing strong buying pressure. However, the latest price around 0.01875 is below the recent spike high, suggesting that some traders may already be taking profits. I would not chase this candle after such an aggressive move. My preferred approach is to wait for price to revisit the 0.0180–0.0185 zone and look for buyers to defend it. A sustained recovery above 0.0200 could improve the chances of another test of the 0.0220 resistance area. If price loses 0.0172, the bullish setup is invalidated, and further downside becomes possible. These levels are a conditional chart-based plan, not a guaranteed outcome.
Would you wait for the retest or trade the breakout?
$DOOD
$GTC