【$IRYS Signal】Pullback confirmed, bulls strike again

$IRYS 1H timeframe price steadily remains above EMA20, 4-hour Bollinger Bands are opening upward, and the price has broken out of the upper band. MACD double lines are continuously expanding above the zero line, indicating that bullish momentum has not yet exhausted. The order book shows significant buy orders around 0.0225, revealing a strong support intent.

🎯Direction: Long

⚡Entry: Enter at the current price around 0.0226, or wait for a pullback to around 0.0214 to place a pending order.

🛑Stop Loss: Below 0.0208

🚀Target 1: 0.0238

🚀Target 2: 0.0249

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce half of the position, and move the stop loss of the remaining position up to the entry price. If the price cannot hold above 0.0223 and quickly falls back, consider exiting early.

Position size remains stable, and no large-scale closing occurred during the price rally, indicating strong bullish confidence. The 1-hour RSI is around 71, high but not showing divergence, suggesting short-term upward momentum. Combined with the volume breakout on the 4-hour chart, this rally offers a favorable risk-reward ratio, with the key being whether the price can quickly move away from the cost basis after entry.

View real-time market 👇 $IRYS
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