$IRYS is in a clear downtrend on the 1H, trading below all major MAs (7, 25, 50, 100).

A strong bounce candle just appeared at support, but momentum is still weak overall.

RSI at 42 shows mild recovery, while MACD remains bearish but flattening — early signs of potential stabilization.

Volume increased on the bounce, showing buyers attempting to step in.

Actionable Setup (LONG scalp – high risk)

Entry: 0.02830 – 0.02860

TP1: 0.02910

TP2: 0.02980

TP3: 0.03040

SL: 0.02790

IRYSUSDT

Perp

0.026901

-14.61%

Final Verdict

Trend is still bearish, but short-term traders can look for a bounce play if IRYS holds above 0.0283.

A break below 0.0279 cancels the long idea and brings continuation lower.

Safer confirmation comes only if price reclaims 0.0293.

DYOR

#IRYSUSDT #CPIWatch #TrumpTariffs #CryptoRally #WriteToEarnUpgrade