【$IRYS Signal】Pullback to buy, accumulate energy on the 1H level before launching another attack

$IRYS The 4H MACD fast and slow lines form a golden cross and continue rising, but the histogram bars begin to shrink, indicating momentum has slightly slowed. On the 1-hour chart, the price repeatedly tests above the middle band of the Bollinger Bands. EMA20 and EMA50 form a dense support zone around 0.029. The order book depth shows sparse sell orders, and buy orders in the 0.029-0.030 range demonstrate clear willingness to absorb.

If the price pulls back to the 0.0296-0.0304 area, that is an ideal spot to lie in wait and buy.

Defense must be placed below 0.0243; if it breaks through, the structure will be damaged.

The first target is 0.0320. After breaking through, the second target is 0.0346.

After reaching the first target, cut the position in half, and move the stop-loss of the remaining position up to the entry cost. If the price cannot hold steady in the entry zone, you should decisively exit.

The current negative funding rate provides natural short-squeeze protection, and stable open interest shows that the chips have not exited at large scale. The 1-hour RSI has fallen back from the overbought zone to neutral, creating room for another upward move. Combined with the 4H Bollinger Bands upper band at 0.0314 already having been tested, the probability of the next breakout with increased volume is building. The risk-reward ratio is advantageous in the current support area.

Check the real-time market 👇 $IRYS
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