Brief Update $IRYS (1H): Potential Rebound or Retest?
$IRYS just experienced a sharp correction to **0.01628**, but it's currently trying to *rebound* to the **0.01717** area.
Hereโs the price movement map to keep an eye on:
๐ Key Levels (Green Zone)
Nearest Resistance (0.01741 - 0.01756): **This is a former *support* now acting as strong resistance (SBR). IRYS must *breakout* above this area to trigger further gains.
Next Resistance Target: If it successfully breaks the first area, the next target is between **0.01785** and **0.01805**.
Crucial Support: The lower boundary at **0.01628**. If it fails to hold above the current price, the risk of a *retest* to that lower area is quite high.
๐ก Trend Outlook
Currently, the price is at a pivotal phase. If it fails to break through 0.01741, thereโs a potential for the price to weaken again. Secure your risk management!
What do you think, will IRYS *breakout* or continue to correct? Drop your thoughts in the comments! ๐
#IRYSSUDT #TechnicalAnalysiss #BinanceSquare #writetoearn