【$IRYS Signal】Long: 1H volume breakout, betting on a second surge to the top

$IRYS 4H MACD bullish bars are still expanding, but the 1H MACD histogram has narrowed for three consecutive bars, indicating diminishing upward momentum. The current price at 0.06096 is close to the Bollinger upper band at 0.0623, RSI on 4H is 73.2, already in the overbought zone. The Bid/Ask depth ratio of 0.76 shows slightly more sell orders. The current risk/reward ratio is poor, suitable only for very small positions to ride the momentum higher.
🎯Direction: Long
⚡Entry: 0.06066 (recommended upper limit of entry zone)
🛑Stop Loss: 0.04199
🚀Target 1: 0.06095
🚀Target 2: 0.06119
🛡️Trade Management: - After reaching Target 1, reduce position by 50%, move stop loss up to the cost basis. If the price falls back below 0.06066, exit automatically.
The 4H volume dropped after the previous candle with a huge volume, and if the pullback after the large bullish candle can hold above 0.0587 (the low from 1H ago), the probability of a second surge to the top is higher; otherwise, watch for short-term selling pressure. The funding rate of 0.005% is neutral, with no signs of a short squeeze. Open interest remains stable, with no panic liquidation risk.
View real-time market 👇 $IRYS
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