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【$IRYS Signal】1H Overbought Pullback to Buy
$IRYS 1H Bollinger Band Upper Band 0.0453 was pierced, funding rate 0.05%, high-level turnover volume shrank. RSI 1H surged to 85, buying pressure slowed down. 4H MACD remains in a bullish expansion zone, but short-term divergence is too large.
🎯Direction: Long (Place order)
⚡Entry/Order: 0.03888
🛑Stop Loss: 0.03731
🚀Target 1: 0.04522
🚀Target 2: 0.04541
🛡️Trade Management:
- Enter at 0.03888 with a pending order, reduce 50% at Target 1, move stop loss to break even. If the price jumps directly without reaching the order, abandon and patiently wait for the next pullback.
(Chasing high at high levels with a risk-reward ratio is not ideal; waiting for a pullback near EMA20 for support is more reliable. The Bid/Ask Ratio of 1.16 indicates there are still buyers below, but RSI extremes need time to recover.)
Check real-time market 👇 $IRYS
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