$IRENon Consolidation Near Highs – Breakout or Rejection
IRENon
Alpha
43.34
+9.97%
has shown strong bullish momentum from 36.8 to 40.7, followed by tight consolidation around the 39.4 zone, indicating accumulation near highs. The structure remains bullish as long as price holds above 38.8–39, with potential for a breakout toward 41+ if resistance is reclaimed. However, failure to hold this range could lead to a pullback toward 38.
Trade Setup (Long Bias):
Entry: 39.2 – 39.5
Stop Loss: 38.7
Targets: 40.7 → 41.5
Wait for breakout strength or higher low confirmation before entering. #IREN #Write2Earn!