📉IRYS/USDT — Overbought as an Opportunity for Correction
🚨Market Brief:
IRYS demonstrates a confident upward trend, but the current oscillator values signal overheating. The price is near local highs, where the likelihood of a corrective movement increases.
🔍 Key Indicators:
EMA (21): 0.029477
EMA (50): 0.029478 — price remains above, trend remains bullish
RSI (6): 67.37 — overbought zone
Stochastic: 82.89 — possible reversal
MACD: positive, but momentum is weakening
📌 Market Logic:
Growth continues, but the slowing momentum and overbought conditions indicate a high probability of a pullback to support zones.
🧭 Trading Plan
Main Scenario: corrective SHORT
🎯 Targets:
0.030000 — nearest support (-1.36%)
0.028500 — key demand zone (-8.29%)
0.027000 — deep correction (-12.53%)
🚀 Entry Points:
Conservatively: 0.030900 — after confirming the reversal
Aggressively: 0.031000 — at the first signs of price weakness
⛔ Stop-Loss:
0.031500 — protection against false breakout and continuation of momentum
📝 Conclusion:
IRYS/USDT is in a decision zone. Despite the upward trend, overbought conditions create good opportunities for a short-term short.
Trading 👉$IRYS
