$IRYS Signal | Wait for a second rally after a callback before entering


4H RSI 73.52, price close to the upper Bollinger band, buying momentum weakening. 1H MACD histogram returning to zero, short-term bulls and bears are balanced. Funding rate 0.018%, open interest not increasing, short squeeze conditions not met. A pullback to around the 4H EMA20 is a safer entry point.
🎯Direction: Long (place order)
⚡Entry/Order: 0.03888 - 0.04356 (recommended buy zone at the lower end)
🛑Stop loss: 0.03612
🚀Target 1: 0.04440
🚀Target 2: 0.04715
🛡️Trade management: - Reduce position by 50% at Target 1, move stop loss up to break even. If the pullback entry level is not broken, hold; if broken downward, exit automatically.
1H sell pressure ratio of 0.41 indicates short-term selling pressure, but there is dense buying around the 0.0395 support on the 4H chart. Risk-reward ratio is reasonable, wait for price to pull back and confirm support.
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