【$IRYS Signal】1H Breakout and Pullback, Capital Support Reveals Intent

$IRYS The 1H timeframe has just broken above the upper Bollinger Band, with the price briefly facing resistance near 0.0359. The 4H MACD histogram continues to expand, indicating bullish momentum has not exhausted, but the 1H RSI has already reached 70.89, suggesting short-term buying needs to be absorbed. Market depth shows buy orders are 5.16% thicker than sell orders, with strong willingness to buy below.

If the price can hold above 0.0320 (1H EMA20), it signals the bulls are regaining strength.

⚡Entry: Enter directly around the current price of 0.0357, or place a buy order at 0.0325 to catch a pullback.

🛑Stop loss: 0.02846.

🚀Target 1: 0.03588.

🚀Target 2: 0.03603.

🛡️Trade management:
- Execution strategy: Take half profit at Target 1, move the remaining stop loss to break-even. If the price falls back into the entry zone, exit unconditionally.

The 4H chart has already broken above all moving averages, and the Bollinger Bands are opening upward, indicating early trend acceleration. The 1H volume significantly increased during the rally but has recently contracted, which is a healthy sign of profit-taking. The funding rate at 0.005% is not extreme, so the risk of a short squeeze is temporarily low. Stable open interest suggests this is not purely short-term speculation; funds are continuously accumulating. The risk-reward ratio at this position is favorable, with the key being whether the price can hold the 1H median support.

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