【$IRYS Signal】1H momentum failure, high-altitude sniping

$IRYS After a sharp rise on the 1H timeframe, volume contracts and consolidates, with the price hugging the upper Bollinger Band. The 4H MACD histogram continues to expand, but the 1H histogram begins to contract, indicating a divergence in momentum. Market depth is unbalanced at -29.18%, with sell orders significantly thicker, making it slightly difficult for active buying to push higher.

Current price around 0.03123, go short directly, with a stop above 0.0318. Watch for a pullback to 0.03129; once reached, take profits in batches.

🛑Stop loss: 0.02776

🚀Target 1: 0.03129

🚀Target 2: 0.03141

🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move the stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.

Funding rate of 0.0249% is not extreme, but combined with the 1H RSI at 69.4, the short-term risk-reward ratio for chasing longs is no longer favorable. Open interest remains stable, with no signs of short squeeze requiring rising OI. Currently, it appears to be a concentrated release of bullish strength rather than the start of a sustained rally.

View real-time market 👇 $IRYS
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