$IRYS is showing a potential short-on-retest setup after a massive spike to $0.50406 was rejected, followed by sustained selling and consolidation near $0.062. Sellers still control the visible 15-minute structure, while buyers are trying to defend the recent $0.05624 low.
EP: $0.06400–$0.06700 TP1: $0.05900 TP2: $0.05650 TP3: $0.05200 SL: $0.07050
The $0.06400–$0.06700 zone is a potential resistance area where sellers may return; wait for a confirmed rejection before entering. A break below $0.05624 could expose lower liquidity near $0.05200, while a sustained reclaim above $0.07050 invalidates the short setup. Since price is close to support, avoid chasing the move and consider the trade only if the risk/reward remains favorable after fees and slippage.
EP: $0.06400–$0.06700 TP1: $0.05900 TP2: $0.05650 TP3: $0.05200 SL: $0.07050
The $0.06400–$0.06700 zone is a potential resistance area where sellers may return; wait for a confirmed rejection before entering. A break below $0.05624 could expose lower liquidity near $0.05200, while a sustained reclaim above $0.07050 invalidates the short setup. Since price is close to support, avoid chasing the move and consider the trade only if the risk/reward remains favorable after fees and slippage.