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【$IRYS Signal】Opportunities to go long on pullbacks in a 4H uptrend
In the 4H bullish trend, the Bollinger upper band is under pressure near 0.0407. On the 1H timeframe, the buy-side momentum has sharply dropped to 0.42, and the strength of high-level buyers has clearly weakened. The 1H MACD histogram has been narrowing for two consecutive hours, indicating that bullish momentum is fading. However, the 4H MACD is still in a positive expansion zone, and the trend has not been broken.
🎯 Direction: Long (place orders on pullbacks)
⚡ Entry/Place order: 0.03800 (recommended entry zone midpoint)
🛑 Stop loss: 0.03512
🚀 Target 1: 0.04097
🚀 Target 2: 0.04293
🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50% and move the stop loss up to the entry price. If the price falls back below 0.03800, automatically exit.
The funding rate of 0.0368% is at a moderate level. OI remains stable with no abnormal sell pressure. This kind of weakening buying at high levels calls for caution, but as long as the trend is intact, the main focus is still to go long on pullbacks.
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