【$IRYS Signal】Pullback to Long + 1H Level Support Confirmation

$IRYS After experiencing a significant rally, the 1H level is currently undergoing a healthy pullback and consolidation. The current price has fallen back to near the 1-hour EMA20 moving average, and the buy order depth in the 0.0203-0.0204 range is unusually thick, forming a strong support. Although the 4-hour level is still in a consolidation phase, the open interest remains stable, and the funding rate is negative, indicating potential short squeeze. The 1-hour RSI has fallen from overbought territory to a neutral zone, preparing for another upward move.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0202 - 0.0204

🛑Stop Loss: 0.0198

🚀Target 1: 0.0215

🚀Target 2: 0.0225

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. The remaining position aims for Target 2. If the price retraces and breaks the trailing stop, exit unconditionally.

(Depth Logic: Market data shows dense buy orders around 0.0203 below, forming a protective barrier. The 1-hour EMA20 provides dynamic support, increasing the likelihood of stabilization at this level. Open interest remains stable during price pullbacks, with no significant capital outflow, indicating that major players are still active. The negative funding rate combined with firm prices is a classic sign of an impending short squeeze. )

Check real-time market 👇 $IRYS

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