【$IRYS Signal】1H level breakout with strong momentum, short squeeze structure initially emerging

$IRYS The 1H level price has broken through the upper Bollinger Band at 0.0307, RSI reached 70.55 entering overbought territory, but the 4H MACD histogram is still expanding, indicating buying momentum has not exhausted. Market depth shows thin sell orders, with buy order volume being 1.7 times that of sell orders, clearly indicating capital support. The current positive funding rate of 0.0202% is not extreme, but combined with stable open interest, there is a risk of short squeeze.

Price is around 0.03094, chasing higher directly offers poor risk-reward. A better strategy is to wait for a healthy pullback.

⚡Entry: Gradually buy on dips within the 0.02856 - 0.03079 range.

🛑Stop loss: Set uniformly below 0.02776.

🚀Target 1: First target at 0.03015.

🚀Target 2: Second target at 0.03095, close to the 4H upper Bollinger Band.

🛡️Trade management: - Execution strategy: After the price reaches 0.03015, reduce half of the position, and move the remaining stop loss up to the entry price. If the price fails to hold above 0.03079 and falls back, consider exiting early.

The 1H EMA20 and EMA50 have formed a golden cross and are diverging upward, which is strong short-term evidence. Although RSI is high, indicating short-term overheating, volume expands during price increases and contracts during declines, weakening the expectation of an immediate reversal. The imbalance in market depth is the strongest logic currently; it shows light selling pressure above, and a small amount of buy orders can push the price higher. In this environment, it’s better to wait for a shallow pullback to enter rather than completely miss this momentum.

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