Long
IRIS/BTC - falling wedge right on previous channel top
IRIS/BTC got listed on Binance a few days ago, formed a falling wedge since then and looks ready for a bounce.
The wedge ends right on the top of the previous uptrend channel which also has additional support from the 45m and 1hr 200 MA.
Order books are thin as paper so I expect a bullish breakout soon.
Buy zone: 490-540 sats
Depending on your risk management you might want to wait for a breakout before entering.
Best of luck and let me know what you think!
The wedge ends right on the top of the previous uptrend channel which also has additional support from the 45m and 1hr 200 MA.
Order books are thin as paper so I expect a bullish breakout soon.
Buy zone: 490-540 sats
Depending on your risk management you might want to wait for a breakout before entering.
Best of luck and let me know what you think!
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