#IRIS Bottom Hit, Bounced+Bullish Divergence. 130% Possible!Welcome to this Quick Altcoin Setup. IRIS hit the bottom around 270 sats and bounced. I have seen some strong buying activity in the last few days showing the signs of accumulation.
If the next few candle closes above 21D MA it is highly likely that we can see a rally towards 360 level first and then all the way to 400 sats.
ENTRY : 285 TO 295
Targets :
365
395
446
486
544
577
679
Stop Loss : 268
Reason I am entering this trade is the SL is very low. Means there is a high reward for a very less risk.
If you find it interesting enough you can dig in.
Other trade setups are doing well that I recently posted and are above 10 to 15%+ already.
Hoping this one to pop up soon.
Do hit the like button if you like my updates and share your views in the comment section.
STAY SAFE
#PEACE
IRISUSD
IRIS/BTC (Retesting Daily Swing Support)💎Technical Analysis Summary💎
HUOBI: IRISBTC
-IRIS broke bearish a few days ago from its local support area
-It is now trading at its daily swing low support zone
-This is crucial, and it must hold to protect the mid-term bullish move
-If IRIS can maintain this area, there is a chance we could see a bounce up reaction
-I'm not recommending to buy at the current market price
-But instead, wait for any sign of bullish strength before taking a trade
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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IRIS/BTC (Wait For Breakout Direction)💎Technical Analysis Summary💎
BINANCE: IRISBTC
-IRIS is forming a potential symmetrical triangle pattern
-This will either break to the upside or downside
-But if we will consider the market trend
-It is simply on the downward bias
-So the chances it will go lower is much higher
-This is only a probabilities not certainties
-Please always exercise proper risk management
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
IRIS/BTC (Test Previous Resistance Area?)BINANCE: IRISBTC
-The price is now approaching two key areas of support
-The zone between 668-604 sat are previously resistance before IRIS strong uptrend
-Two possible scenarios for IRIS, #1 is to test the closes support and bounce back up to 800 sat range
-Or come down much lower at 600 sat major support but bounce weaker around 700 sat area
-Either of these two scenarios, please plan your next trade to lessen the risk involved
IRIS/BTC (Retest Previous Support?)IRIS/BTC
-IRISnet painted its 1st Lowe High which is a sign of weakness
-We can also see a Bearish trendline resistance rejecting the price
-It is likely to retest the support area around 90,000 sat range
-The 200MA dynamic support is approaching the price
-The question now is, can we see another strong bounce reaction at support?
-If not, it will breakdown and test the 200MA at 80,000 sat region
-But my recommendation is to buy the breakout of trendline resistance for safer entry
IRIS/BTC (Strong Breakout)IRIS/BTC
-Since the Cross Ultimate indicator flashes Buy signal priority
-The price has increased over 600% from 13k sat area
-Just a few minutes ago, our VIP members entered the breakout confirmation
-All our take profit exit has been hit
-I do not recommend to buy at current market price
-Please wait for a pullback at previous resistance or wait for consolidation
-Do not FOMO on every green candle
-Practice discipline and establish a good trading system