IREN Limited (IREN) recently pulled back into a key demand area between $6.20–6.80 and is now showing early signs of a bullish reversal, supported by rising momentum and renewed interest in the company’s AI and infrastructure expansion.
🔍 Technical Highlights:
✅ Rejection from major demand zone
✅ MACD bullish cross with building momentum
✅ RSI recovering from oversold levels
✅ Clean reclaim of the 9 EMA
✅ Higher low structure forming after extended downtrend
✅ Strength aligning with improving sentiment around AI-linked stocks
📈 Trade Setup:
🟢 Entry Zone: Current levels ($7.20–7.50)
🔴 Stop Loss: Below $6.10 (beneath the demand zone)
✅ TP1: $8.20 – first resistance
✅ TP2: $9.50 – breakout level
✅ TP3: $11.80 – previous swing high from December
📌 I’m personally in this trade with small capital and managing risk carefully due to its higher volatility.
This is a speculative but technically clean setup with solid upside potential if momentum holds.
Let’s see how it plays out!
🔍 Technical Highlights:
✅ Rejection from major demand zone
✅ MACD bullish cross with building momentum
✅ RSI recovering from oversold levels
✅ Clean reclaim of the 9 EMA
✅ Higher low structure forming after extended downtrend
✅ Strength aligning with improving sentiment around AI-linked stocks
📈 Trade Setup:
🟢 Entry Zone: Current levels ($7.20–7.50)
🔴 Stop Loss: Below $6.10 (beneath the demand zone)
✅ TP1: $8.20 – first resistance
✅ TP2: $9.50 – breakout level
✅ TP3: $11.80 – previous swing high from December
📌 I’m personally in this trade with small capital and managing risk carefully due to its higher volatility.
This is a speculative but technically clean setup with solid upside potential if momentum holds.
Let’s see how it plays out!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Seizing Opportunities, Maximizing Returns. With 7+ years of experience, we provide accurate insights and trading signals.
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.