$IRYS — Bearish Breakdown in Play, Sellers Still Holding Control
Short $IRYS
• Entry: Below 0.01945
• Stop Loss: 0.02005
Targets:
• TP1: 0.01900
• TP2: 0.01855
• TP3: 0.01800
IRYS is showing a weak recovery after a sharp rejection from the 0.0230 area, but the 1H structure is still leaning bearish. Price is making lower highs, and the recent bounce attempts have lacked strong follow-through. That keeps the downside continuation scenario in focus.
A breakdown below 0.0195 would confirm that buyers failed to defend the support zone, opening the door for another leg down toward the next liquidity pockets. As long as price remains under 0.0200, the bearish pressure stays intact.
This setup has a ~60–65% probability as long as support fails to reclaim quickly. Watch for a clean candle close below support and a rise in sell volume for confirmation.
Trade $IRYS here 👇🏻
