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【$IRYS Signal】Callback with multiple strategies, focus on 0.04299 support
$IRYS 4H MACD momentum weakening, 1H quickly dropped from 0.05668 to 0.04657 then rebounded without strength, current price 0.04835. Buying depth is relatively weak (Bid/Ask 0.89), seller pressure persists. RSI 1H 52.06, no bottom divergence structure observed.
🎯Direction: Long (Pending order)
⚡Entry/Pending order: 0.04299 - 0.04860 range, preferably around 0.04299
🛑Stop loss: 0.03930
🚀Target 1: 0.05035
🚀Target 2: 0.05404
🛡️Trade management: - Reduce position by 50% upon reaching Target 1, move stop loss to break-even. If price falls below 0.04299 without execution, cancel the pending order.
Depth logic: Current risk-reward ratio is relatively low (0.19), but below 0.04299 is the convergence zone of the 4H middle Bollinger band and EMA50, which is a previous accumulation zone. If the price retraces without breaking this area, there is strong willingness for support. Lacking clear bullish catalysts, this is purely a technical left-side position.
View real-time market 👇 $IRYS
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