【$IRYS Signal】Pullback or breakout confirmation? 1H bullish momentum is shrinking, waiting for a lower entry point

$IRYS 1H MACD histogram narrows, bullish momentum slows down. 4H Bollinger Bands opening and expanding, but price has fallen back from the upper band at 0.0402. RSI 1H 59, 4H 65, neither overbought. Market sell pressure is heavy, depth imbalance -22.49%, passive sell orders stacking up. Funding rate is 0.0807% relatively high, long position costs are rising. Short-term correction needed, but 4H trend remains bullish. Around 0.036 is a dense zone for EMA20 and EMA50.
🎯Direction: Long (pullback orders)
⚡Entry/Order: 0.03597 - 0.03620
🛑Stop loss: 0.03463
🚀Target 1: 0.03905
🚀Target 2: 0.03921
🛡️Trade management: Reduce 50% of position upon reaching Target 1, move stop loss to entry cost. If it falls below the lower limit of the entry zone, do not participate for now. Note that if the 4H close is below 0.036, the short-term structure weakens.
Check real-time market 👇 $IRYS
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