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【$IR Signal】Pullback to go long, confirm on the right side
$IR After a violent surge on the 1H timeframe with volume drying up, buy orders start stacking near EMA20. On the 4H timeframe, the price breaks out of the Bollinger upper band, MACD lines are strongly diverging, and open interest remains stable. This is not simply a pump and dump.
🎯Direction: Pullback to go long
⚡Entry: When the price pulls back to the 0.04008 - 0.04889 range lower boundary, buy in batches.
🛑Stop loss: Place all below 0.03861.
🚀Target 1: First target at 0.04303.
🚀Target 2: Second target at 0.04450.
🛡️Trade management: - Execute strategy: When the price reaches 0.04303, halve the position, and move the remaining stop loss up to the entry price. If the price cannot stay above EMA20, exit immediately.
Order book depth shows significant sell orders stacked above 0.049, but there are very thick orders in the 0.0487-0.0488 range below, exposing the capital support intention. The 1-hour RSI has fallen back from overbought territory to around 70, providing a second entry opportunity for bulls. Combined with positive funding rates but not at extreme levels, this looks more like a healthy profit-taking rather than a trend end. The risk-reward ratio is attractive within the current support zone.
Check real-time market 👇 $IR
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