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Anchored VWAP on $IREN since IPO sits at $31.98
The low $30s have served as support for 8 months so I'd expect a reaction around this area again. But, as I've said before this chopsolidation is normal price action to frustrate late investors who thought this was going to $100 in a short timeframe. If you missed out on the 10x from 2025 that's fine, but the market needs time to digest that move. It rarely if ever replays and gives you another opportunity to see that asymmetry
Market doesn't care about what price you bought at. You have to ask yourself is the business better or worse off today than it was 6+ months ago
The stock is not the company, and the company is not the stock