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【$IRYS Signal】Pullback to go long, 4H trend continuation
$IRYS After a surge on the 1H timeframe, a pullback occurs. The current price of 0.03502 is exactly between the upper band of the 4H Bollinger Bands and the middle band of the 1H Bollinger Bands. The order book shows buy orders are 41% thicker than sell orders, indicating clear capital support. The MACD on the 4H chart has its fast and slow lines opening upward, and the histogram is still expanding, showing trend momentum is intact.
If the price can hold above 0.0331, it signals that the bulls are regaining strength.
⚡Entry: Enter directly around the current price of 0.03502, or place a buy order at 0.03485.
🛑Stop Loss: 0.02876.
🚀Target 1: 0.03506.
🚀Target 2: 0.03521.
🛡️Trade Management:
- Execution Strategy: Reduce half of the position near Target 1, and move the remaining stop loss to the breakeven point. If the price cannot stay above 0.0348, consider exiting early.
The 1-hour volume has decreased after the surge, indicating a healthy pullback. The 4-hour EMA20 has crossed above EMA50 to form a golden cross, signaling a warming medium-term structure. The current risk-reward ratio is acceptable; the key is whether the price can stay supported above the 1H moving average cluster to avoid entering a high-level consolidation.
Check real-time market 👇 $IRYS
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