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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Not Financial Advice 💸
Please Exercise Risk Management 💱
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IRISUSD
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
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``````````````````````````````````````````````
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
