$IRYS nears a support level
Down 28% to the Exact Support Floor. The Bounce Is Loading.
It marks a demand zone between 0.049 and 0.051 that acted as a hard floor just days ago.
Price slammed into this zone, bounced to 0.065, and has now returned for a retest.
This is where double bottoms are born. The first bottom was the crash.
The second bottom is the test. If it holds, the reversal is real.
Volume is heavy on the sell side.
That’s the warning.
Sellers are still in control, and the knife hasn’t stopped falling yet.
No bullish candle has closed on the 1-hour to confirm the floor is holding.
That confirmation is the difference between a trade and a gamble.
Wait for a long lower wick or an engulfing candle inside the green zone. That’s the trigger.
Conservative entry waits for the 1-hour close confirming the double bottom.
Stop below 0.04850.
Take partial profits at 0.056. Let the rest ride to 0.062 and beyond.
#IRYS #DoubleBottom #BinanceSquare