$IR (Infrared Finance) – Momentum Cooling After a Strong Expansion
$IR is currently trading around 0.224, up nearly +98%, which already tells me most of the story. The move was impulsive, followed by a healthy pullback and consolidation rather than an immediate collapse.
Price respected the 0.208–0.21 demand zone and bounced cleanly, showing buyers are still defending structure. On the lower timeframe, price is now compressing near the moving averages, suggesting indecision rather than distribution. Volume has normalized after the spike, which is typical after a strong expansion phase.
For me, this is no longer a chase setup. The key question is whether IR can reclaim the 0.23–0.24 resistance zone with volume. If not, further ranging is more likely before the next directional move.
High volatility, high attention. Risk management matters more than conviction here.
Not financial advice.