2025-12-25 13:24:40

IREN Weekly Technical Setup

The weekly hammer pattern emerging at current levels suggests potential bottoming action. However, sentiment remains fragile—retail traders bought aggressively near the 1.272 logarithmic Fibonacci resistance, creating selling pressure.

To validate a genuine higher low and strengthen the bullish narrative, price must reclaim the 20-week simple moving average. This recapture would serve as a critical confirmation level.

Despite the near-term pullback, the overall weekly structure remains constructively bullish. The setup offers an interesting risk-reward for those monitoring IREN's next leg higher.

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ExpectationFarmer

· 4h ago

Retail retail investors are buying again. Can they hold the 20-week moving average this time?

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AirdropHustler

· 4h ago

Is the hammer coming up? Retail is buying again. Whether this wave can hold the 20-week moving average is the real question.

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DaoGovernanceOfficer

· 4h ago

ngl the hammer pattern is giving "retail got trapped again" energy... that 1.272 fib resistance though? empirically speaking, that's where sentiment turns toxic. data suggests we need that 20-week MA recapture or this whole bullish narrative collapses lmao

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NoStopLossNut

· 4h ago

The retail positions were cut off in a wave. Can this hammer hold?

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HackerWhoCares

· 4h ago

Hammer bottom signal looks good, just worried it might be retail investors taking the bait again --- 20-week moving average can't be broken, it's all fake; wait for confirmation --- How far can this Fibonacci rebound go? No clear idea --- Another bullish narrative, let's see how far it can go... --- The bottom pattern is in place, but the key is whether funds will buy in --- Don't get too optimistic before confirming the highs and lows; seen this trick many times --- Let's see if it can really break back above the moving average, otherwise it's the same as not moving --- With such strong selling pressure, how can it still be bullish? I don't get it

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