$IREN keeps bleeding. Another red week in the books. The question everyone's asking: when does this turn around?

Looking at the chart, we're oversold on multiple timeframes. But oversold can stay oversold longer than your account can stay solvent. The crypto mining space has been brutal lately with BTC consolidating and energy costs still elevated.

Need to see actual buying pressure return, not just hopium. Volume needs to confirm any bounce. Until then, this is a falling knife situation.