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【$IRYS Signal】Pullback to go long / 1H level accumulation breakout
$IRYS 1H level price closely hugging the upper Bollinger Band, after the 4H MACD golden cross, the histogram shrank but remains above the zero line, indicating bullish momentum is not exhausted.
Order book depth imbalance -14.38%, sell orders are relatively thin, and capital support is obvious.
🎯Direction: Pullback to go long
⚡Entry/Order placement: 0.03116 - 0.03519 zone, staggered accumulation
🛑Stop loss: 0.02895
🚀Target 1: 0.03558
🚀Target 2: 0.03779
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even.
- If the price falls back into the entry zone, automatically exit to protect capital.
Currently, the 1H RSI is around 65, not overheated, leaving room for a second upward move.
The 4H level has stabilized above EMA20 and EMA50, with a solid structure.
Position size is stable, funding rate at 0.005% remains within a reasonable range, with no extreme short squeeze risk.
This pullback at this position offers a very favorable risk-reward ratio.
Check real-time market 👇 $IRYS
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