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IRISnet / USDT

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IRISUSDT trade ideas

IRISUSDT - BULLISH OUTLOOKIRISUSDT is displaying a bullish divergence on the 4-hour (4H) timeframe, indicating a potential reversal in the current downtrend. Additionally, it has broken its lower high level, suggesting a shift in momentum toward bullish sentiment. Here's a concise technical analysis with a suggested trading strategy: Entry: Consider entering a long position at the current market price of $0.027. Stop Loss (SL): Place a stop loss order below the entry point at approximately $0.02580 to manage risk and limit potential losses. Take Profit (TP): Set multiple take-profit levels to capture potential gains: TP1: Set the first take-profit level at a target price ($0.0282) to achieve a 1:1 risk-reward ratio. TP2: Aim for the second take-profit level at a target price ($0.0294) to achieve a 1:2 risk-reward ratio. This trading strategy anticipates a bullish reversal based on the observed bullish divergence and the breakout above the lower high level. However, it's important to monitor the price action closely and adjust the strategy as needed to adapt to changing market conditions."
Long
by sunnytrader07
IRISUSDT - BULLISH OUTLOOKIRISUSDT is currently displaying a bullish divergence on the 1-hour (1H) time frame, signaling a potential shift in the prevailing trend. The price has successfully broken above the last lower high and is now forming higher highs and higher lows, indicating a potential continuation of the bullish trend. Here's a concise technical analysis with a suggested trading strategy: Entry: Consider entering a long position at the current market price (CMP) of approximately 0.028. Stop Loss (SL): Place a stop loss order at 0.02575 to effectively manage risk. Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio: TP1 = 0.03025 TP2 = 0.0325 This trading strategy aims to capitalize on the anticipated continuation of the bullish trend. It's important to stay vigilant, closely monitor the price action, and be prepared to adapt the strategy based on any shifts in market dynamics.
Long
by sunnytrader07
IRISnet (IRIS) - Bull flag breakoutOn the above 4-day chart price action has corrected 60%. A few reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Price action finds buyers at the Fibonacci 0.236 3) Price action prints support on past resistance. Look left. 4) The bull flag breakout. The flagpole measure a 200% move from the breakout point. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: Trade Risk: <6% Timeframe for long: Yesterday Return: 200%
Long
by without_worries
$iris started.. Breakout gonna huge NSE:IRIS Performing Falling wedge in 1D Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation.
Long
by Crypto-Adda_Official
6
$IRIS Performing Falling wedge in 1d Breakout done NSE:IRIS Performing Falling wedge in 1d Breakout done Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation. If you want to go for more pips, you can lock in some profits at the target by closing down a portion of your position, then letting the rest of your position ride.
Long
by UnknownUnicorn26572303
2
IRIS Looks Good with Falling Wedge IRIS Looks Good On Support area with Falling Wedge Keep eye on it HOW TO IDENTIFY A FALLING WEDGE PATTERN The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend. Continuation or (Reversal) Pattern: Identify an uptrend or (downtrend) Link lower highs and lower lows using a trend line. The two lines will slope downwards and converge Look for divergence between price and an oscillator like the RSI or stochastic indicator Oversold signal can be confirmed by other technical tools like oscillators Look for break above resistance for a long entry Key points to remember: Identification of the trend is crucial Both continuation and reversal scenarios are inherently bullish Both patterns present favourable risk to reward ratios as they generally precede big moves
Long
by UnknownUnicorn26572303