$IRYS Signal】Multiple callbacks, high funding rate indicates pressure on positions


$IRYS Funding rate is 0.018%, long position costs continue to rise. The 4H Bollinger upper band at 0.0443 is a clear resistance, 1H trading volume shrank to 10.14 million, buy and sell ratio at 0.41 shows sellers are active. Current price at 0.04378 is slightly above the suggested entry range upper limit of 0.04356, indicating a short-term pullback is needed.

🎯Direction: Long (Pending order)

⚡Entry/Order: 0.04180 - 0.04356 (within recommended range)

🛑Stop loss: 0.03612

🚀Target 1: 0.04440

🚀Target 2: 0.04715

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss up to 0.04150. If the price falls back into the entry zone, automatically exit to protect capital.

(Depth logic: 4H MACD histogram continues to narrow, momentum diminishes but trend remains intact. RSI on 4H at 73.52 has not yet formed a bearish divergence, but 1H RSI at 62.57 is in a neutral to slightly strong zone. Order book depth shows buy/sell ratio at 1.01, orders are balanced. If the price pulls back to around 0.0420 (dense zone of 1H EMA20/50), it will be a good opportunity for low buy-in.)

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