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The structure is speaking, $IRYS dropping from 0.0163 to 0.0156 at the entry point, RSI has reached 28.7, this is no longer an ordinary pullback, this is an extremely oversold trap to hunt stop-losses.
Many people panic when they see this kind of decline, but what I see is a spring about to bounce.
Target 0.0186, stop loss 0.0150, the risk-reward ratio is clean and sharp, as long as the support holds, this rebound will be free profit.
Looking at $METIS, currently at 3.0000, entry at 2.8800, RSI is also pushed down to 28.4, the price at this level has been hammered too hard by emotions.
Stay calm, brother, the trend is not dead, it’s just been interrupted by fear.
Target 3.4166, stop loss 2.7152, the double bottom pattern is already faintly emerging in the structure.
The market gives you discounts in panic, smart funds quietly buy when others are cutting losses.
Remember, oversold is not a reason, structure is the true belief.
These two trades, either eat meat or eat noodles, but discipline minimizes the chance of eating noodles.
Stay alert, keep the rhythm, the next surge is just around the corner.