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【$IRYS Signal】Chasing the breakout, strong breakthrough at 1H level
$IRYS 1H level RSI surges to 77.67, price has broken through the 4-hour Bollinger upper band at 0.0323, buying pressure continues to push higher. The 4-hour MACD histogram expands, indicating strong bullish momentum.
🎯Direction: Long
⚡Entry/Order: Enter at current price 0.03299 directly, or add a second position on a pullback near 0.03075.
🛑Stop loss: 0.02776
🚀Target 1: 0.03075
🚀Target 2: 0.03175
🛡️Trade management:
- Execution strategy: Half position at Target 1, move the remaining stop loss up to the entry price. If the price pulls back to the entry zone and cannot quickly recover, exit proactively.
Funding rate is as high as 0.0276%, indicating potential short squeeze fuel. The 1-hour volume expands with price increase, not a no-volume pump. The space above at the 4-hour level has been opened, but short-term overbought conditions warrant caution for profit-taking. This move, while not perfect in risk-reward ratio, has momentum. Better to set a good stop loss and test the waters, rather than missing the main upward phase.
Check real-time market 👇 $IRYS
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