$IR/USDT LONG TRADE SETUP
$IR is currently trading at 0.13432, attempting to stabilize after a period of intense volatility. The price recently saw a significant rejection from the 0.14433 peak but has found solid footing near the local low of 0.12820. Currently, the price is consolidating in a tight range, indicating that the selling pressure is exhausting and a potential trend reversal is in the making.
The 15-minute chart shows that if $IR can reclaim and hold the 0.13500 level, it will likely pave the way for a recovery toward previous resistance zones. With a massive 24h trading volume of 1.17B IR, the liquidity is high enough to support a rapid upward move once the bulls take control of the current consolidation phase.
Target Points
TP1: 0.14150
TP2: 0.14500
TP3: 0.15000
Stop Loss
Set stop loss at 0.12750 to protect against a break below the recent support floor and further bearish momentum.
Buy and Trade here on $IR
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