$IR USDT is experiencing a sharp correction after a strong rally, now trading at 0.073223 with a brutal -12.72% drop in the last 24 hours! ๐
The chart shows price rejecting near 0.098โ0.10 resistance zone earlier, forming a clear downtrend pullback. We've bounced from the lows around 0.058โ0.069 but failed to hold momentum, closing below key EMAs:
EMA(8): 0.08125
EMA(13): 0.07915
EMA(21): 0.07645
Current price sits right under the EMA(21), signaling bearish pressure. RSI(14) at ~46.8 is neutral but RSI(6) dipping to 37 hints at short-term oversold exhaustion. Stochastic oscillator shows K crossing below D in overbought territory earlierโclassic sell signal still playing out. Volume spiked on the downside red candle, confirming seller aggression.
Bearish forecast: SHORT IRUSDT now! Expect further downside if we break below 0.07104 (24h low).
Entry: around current levels ~0.0732โ0.0735
Take Profit: 0.0690 (next support + ~6% gain) โ extend to 0.0650โ0.058 if momentum accelerates
Stop Loss: 0.0765 (above EMA(21) + recent swing high for protection, ~4โ5% risk)
Risk management is keyโuse low leverage in this volatile altcoin move! Don't miss the continuation if sellers stay in control.
Trade IRUSDT Now! ๐ Hit that buy/sell button on Binance Futures & turn on notifications ๐ for updates! DYOR & trade responsibly.
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