🚨 $IRIS in Freefall – Critical Levels to Watch for Recovery or Further Decline! 🚨 Delisted coin from Binancr
$IRIS is trading at $0.00847, down 18.01%, following its 24-hour high of $0.01100 and a low of $0.00834. With delisting scheduled for December 10, 2024, traders are navigating high volatility. Here's the analysis:
💡 Key Levels:
Resistance: $0.00940 – Breaking this level could push the price toward $0.01050 or $0.01100 in the short term.
Support: $0.00834 – A breach below this could lead to a drop toward $0.00800 or lower.
📈 Long Entry Strategy:
Enter at $0.00870 if support holds and a bounce is confirmed.
Targets: $0.00920, $0.00980, and $0.01050.
Stop Loss: $0.00820 to manage downside risk.
📉 Short Entry Strategy:
Enter below $0.00830 if the price breaks critical support.
Targets: $0.00800, $0.00760, and $0.00720.
Stop Loss: $0.00870 to minimize potential losses.
⚠️ Market Insight: The steep decline suggests strong selling pressure, likely influenced by delisting news. Caution is advised as approaches historically low levels with limited upward momentum. Risk management is crucial.
Stay vigilant as could see sharp moves in either direction. Analyze the risk-reward ratio carefully before entering trades!