🚨$IRIS IRIS ALERT: Sharp Decline – Is a Rebound on the Horizon? 📉
IRIS/USDT is under pressure, currently trading at $0.00912, marking an 11.88% drop in the last 24 hours. After hitting a 24-hour high of $0.01087, IRIS is now hovering near its daily low of $0.00843, signaling heightened volatility and potential market uncertainty.
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Key Levels to Watch:
Resistance: $0.01087 – A move above this level is necessary to regain bullish momentum and target $0.01200 and $0.01314.
Support: $0.00843 – If IRIS fails to hold here, further downside to $0.00703 could be on the cards.
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Trade Strategy:
Bullish Scenario: If IRIS bounces off $0.00843, it may signal a recovery with potential gains toward the $0.01000-$0.01100 range.
Bearish Scenario: A breakdown below $0.00843 could invite further selling pressure, extending losses to $0.00703 or lower.
⚠️ With volatility at play, exercise caution and ensure risk management is a priority. Watch for volume spikes to confirm potential reversals.
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