🚨 $IRYS Trade Setup Alert – Keep This Coin on Your Watchlist
This coin has once again shown a strong reversal from the support area, indicating renewed bullish momentum. Currently, price has reached a major resistance zone, which has historically acted as a strong barrier.
In the past, this resistance area has triggered multiple significant rejections, leading to strong downside moves on 3–4 occasions. This makes the current level crucial for a potential breakout or another rejection.
Now, the price is attempting to break above this resistance zone.
📈 Breakout Scenario: If the price manages to close a 1-hour bullish candle above the resistance, it will confirm a breakout. After confirmation, we can expect a strong upside move.
🎯 Potential Targets:
0.0238
0.0241
0.0245
⚠️ Trading Plan:
Wait for proper breakout confirmation (no early entry)
Enter a long position after confirmation
Use proper risk management
Place stop-loss below the resistance zone
✅ Conclusion: Patience is key here. Let the market confirm the breakout before entering. A confirmed move could lead to a strong bullish rally.