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$IREN has once again tapped into the high-timeframe support range that has marked EVERY MAJOR BOTTOM over the past 10 months.
At the same time, short interest has skyrocketed while institutional ownership has reached new all-time highs.
Everyone is calling for lower.
This is NOT the time to be bearish on the stock.
As long as the price keeps holding above $31, the mid-term bullish case remains intact, and there is no reason to panic over the short-term volatility right now.