$IRYS just went parabolic. I've seen this before and I know exactly what comes next.
Wave (c) correction bottomed ~$0.030, launched a clean new impulse straight to $0.0559. That move's done. We're now in a high-risk rejection zone no Wave structure supporting continuation here.
Short bias fade the spike:
📍 Entry: $0.0540–$0.0559 |
🎯 TP1: $0.0400 | TP2: $0.0320 |
🛑 SL: $0.0610
Parabolic moves without consolidation always retrace. The (a)(b)(c) correction pattern on the left side confirms this is how IRYS moves hard up, harder down.
Don't get caught holding the top.