Technical Analysis Report: $IRIS /USDT

Overview

IRIS/USDT has shown significant upward momentum over the last 24 hours, with a price increase of +18.16%, indicating strong buying pressure. After reaching a 24-hour high of $0.01171, the price experienced a pullback, stabilizing near $0.00898. The Relative Strength Index (RSI) is at 54.27, suggesting that the coin is trading in a neutral zone with room for further movement.

Key Levels

Resistance:

1. $0.01171 (24-hour high)

2. $0.01023

Support:

1. $0.00851

2. $0.00703 (24-hour low)

Entry Price for Trades

Long Entry: $0.00900 (on a breakout above $0.00900 with volume)

Short Entry: $0.00850 (on confirmation of a breakdown below this level)

---

Trade Signals

Long Trade

Entry: $0.00900

Take-Profit Targets:

1. $0.01000

2. $0.01100

3. $0.01170

Stop Loss: $0.00850

Short Trade

Entry: $0.00850

Take-Profit Targets:

1. $0.00800

2. $0.00750

3. $0.00700

Stop Loss: $0.00900

---

Indicators Overview

RSI (6): Neutral (54.27)

Price Action: Bullish short-term trend but signs of consolidation.

Volume: Strong buying volume observed; watch for consistency.

Cautionary Note

Traders should watch for stability near the $0.00900 level for a potential breakout or breakdown. Confirmation with increased volume is crucial before entering trades.

#CryptoTrading #BinanceSignals #IRISUSDT #TechnicalAnalysiss #Altcoins