【$IRYS Signal】Short long order: 1H momentum exhaustion, wait for a pullback to go long

RSI 1H drops from high levels to 63.76, the 4H Bollinger upper band at 0.0430 forms resistance, MACD histogram 1H continues to shrink.
Buy depth ratio close to 1.06 indicating near balance, but funding rate at 0.0252% suggests risk of long crowding.
Current price 0.04317 has exceeded the suggested entry zone upper limit of 0.04295, not suitable for chasing short-term gains.
🎯Direction: Long (place order)
⚡Order: 0.04295
🛑Stop loss: 0.03572
🚀Target 1: 0.04339
🚀Target 2: 0.04594
🛡️Trade management: - Execute strategy: reduce 50% after reaching Target 1, and move stop loss to break-even.
If price falls back into the entry zone, automatically exit to protect principal.
Depth logic: 4H remains in an upward channel, but 1H shows obvious volume-price divergence, waiting for a safer pullback near EMA20 (0.0409).
Current order point 0.04295 is at the upper boundary of the range, with a moderate risk-reward ratio, but a volume breakout above the Bollinger upper band could accelerate.
Funding rate is relatively high, beware of short squeeze risk, but bullish sentiment remains.
Check real-time market 👇 $IRYS
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