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【$IRYS Signal】Pullback to go long, betting on a second surge
$IRYS 1H level rally and pullback, Bollinger upper band around 0.0345 showing selling pressure, latest one-hour buy depth imbalance -13.85%, active sell orders increasing. MACD 1H histogram contracting, bullish momentum weakening.
Price retraced to the range of 0.03006 to 0.03384, can go long, resistance above the current price is obvious, waiting for a pullback is more cost-effective.
🛑Defense must be below 0.02846, break it and accept it.
🚀First target is 0.03407, take half profit once reached.
🚀Second target is 0.03420, near the 4H upper band, all profits taken.
🛡️Management: After hitting the first target, move the remaining stop-loss to the entry price, prioritize capital preservation. If the price falls back into the entry zone, exit immediately without hesitation.
4H MACD is still expanding, the trend is not bad, but the divergence on the 1H and buy order gaps need to be digested. The volatility of hot coins like this, if the risk-reward ratio is suitable, is worth positioning, but a strict stop-loss is necessary.
Check real-time market 👇 $IRYS
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