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【$IRYS Signal】1H pullback to support zone, low buy-in lurking
$IRYS 4H Bollinger upper band at 0.0408 has been broken, RSI soaring to 70.35, funding rate at 0.0481% relatively high, seller depth ratio at 60%. 1H consecutive bearish candles, buying momentum shrinking, current price at 0.04109 slightly above the suggested entry upper boundary.
🎯Direction: Long (place order)
⚡Entry/Order: 0.04088
🛑Stop loss: 0.03512
🚀Target 1: 0.04111
🚀Target 2: 0.04127
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back to entry level, automatically exit to protect principal.
Depth logic: 4H MACD remains in expansion phase, but 1H volume-price divergence is obvious, a short-term pullback to 0.04088 is a reasonable buy zone. High funding rate may trigger accelerated short covering, but the current risk-reward ratio is low, suitable only for small positions to test. Rapid absorption of sell pressure on the order book is a positive signal.
Check real-time market 👇 $IRYS
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