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【$IR Signal】Pullback confirmation, bulls make a second attack
$IR After the 1H level pulls back to EMA20, the price is again supported by funds, and the 4H MACD lines are opening upward, with the momentum bars continuously expanding. The order book is heavily stacked in the 0.0506-0.0507 range, indicating strong willingness to support lower prices.
🎯Direction: Long
⚡Entry: Enter directly around the current price of 0.05063
🛑Stop loss: 0.03920
🚀Target 1: 0.05084
🚀Target 2: 0.05104
🛡️Trade management: - Execute strategy: After the price reaches 0.05084, reduce half of the position, and move the remaining stop loss up to the cost basis. If the price cannot hold above the entry level, exit decisively.
The 4H Bollinger Bands are opening upward, and the price is near the upper band, which is an early sign of a strong trend channel. The 1-hour RSI has fallen back from the overbought zone to around 70 for a healthy correction. Position volume remains stable, and the funding rate is only 0.0135%, showing no signs of excessive enthusiasm, leaving room for further upward movement. The current risk-reward ratio is not ideal, but Hot Coin trading focuses more on momentum continuation. This position is worth taking with a small stop loss to accelerate past the previous high.
Check real-time market 👇 $IR
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