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【$IRYS】Short, Surge on High Volume Followed by Pullback/Bull Momentum Exhausted
$IRYS On the one-hour level, a surge on high volume reached 0.02129 before quickly pulling back, leaving a long upper shadow—a classic signal of bull exhaustion. Although the daily gains are substantial, the buying ratio on the last 4-hour candle is only 47%, indicating insufficient appetite to chase highs, and selling pressure is beginning to emerge above. The current risk-reward ratio is unfavorable; chasing longs carries far greater risk than potential gains.
🎯 Short 🛑 Stop Loss: 0.02040 ⚡ Entry: 0.01990 - 0.02020 🚀 Target: 0.01850 🛡️ Build positions in tranches; rallies present opportunities.
View Real-Time Chart 👇 $IRYS
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