$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! ๐Ÿ“‰

The chart shows price rejecting near 0.098โ€“0.10 resistance zone earlier, forming a clear downtrend pullback. We've bounced from the lows around 0.058โ€“0.069 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 earlierโ€”classic 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 ~0.0732โ€“0.0735

Take Profit: 0.0690 (next support + ~6% gain) โ†’ extend to 0.0650โ€“0.058 if momentum accelerates

Stop Loss: 0.0765 (above EMA(21) + recent swing high for protection, ~4โ€“5% risk)

Risk management is keyโ€”use low leverage in this volatile altcoin move! Don't miss the continuation if sellers stay in control.

Trade IRUSDT Now! ๐Ÿš€ Hit that buy/sell button on Binance Futures & turn on notifications ๐Ÿ”” for updates! DYOR & trade responsibly.

#IRUSDT #IR #Binance #CryptoTrading #Altcoin #FuturesTrading #ShortIRUSDT #BinanceFutures #Crypto #TradingSignals