$IRYS —— Long | Entry 0.0474 | Take Profit 0.0549 | Stop Loss 0.0436
Price has been bouncing around the 0.047 mark for a while, but the bulls finally took a bite out of it. Structurally, that previous descending wedge was broken with volume, and the retest held, which is a pretty classic move.
With 2.5x leverage and an 83% so-called win rate, to be honest, I'm feeling a bit nervous. But the market vibe I'm getting really leans towards a breakout this time. The lower levels have gathered enough momentum; it's like a spring that's been compressed for too long and is ready to spring back.
Make sure to set your stop loss and don’t hold onto losing positions; if it breaks below 0.045 again, just take the loss and walk away.
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