⚠️ $IRYS REALITY CHECK: The +59% Pump Just Got HUMBLED 📉
UPDATE: 2:57 PM - The Dream is Fading
Remember that massive +59% rally I posted about? Yeah... about that. 😬
Current Situation:
💔 Price: $0.048620 (Rs13.68)
📉 Today: -2.26% (and falling)
🎯 Down from high: $0.055649 → $0.048620 (-12.6%)
📊 RSI: 55.53 (momentum dying)
What Happened:
The parabolic move exhausted itself ✅ (called it!)
RSI cooled from 74.45 → 55.53
Price rejected hard at resistance
Volume declining = buyers exhausted
Currently testing support at $0.048
The Chart Never Lies:
🔴 Failed to hold $0.051 support
🔴 Lower highs forming = bearish structure
🔴 Volume dropping significantly
🔴 RSI showing weak momentum
⚠️ Next support: $0.044-0.046 zone
This Is Why We Trade Smart:
✅ Overbought RSI at 74? RED FLAG
✅ +59% in one day? UNSUSTAINABLE
✅ Parabolic moves? ALWAYS retrace
✅ "Take profits" isn't just a meme
What's Next?
📍 Support: $0.044-0.046 (critical!)
📍 Resistance: $0.051-0.053
📍 Break below $0.044 = $0.038 revisit likely
The Honest Take:
If you bought the top at $0.055? You're down -12%.
If you took profits at $0.053? You're a genius.
If you're waiting to enter? Watch $0.044-0.046.
Possible Scenarios:
🟢 Bull case: Bounce from $0.048, reclaim $0.051
🔴 Bear case: Break $0.044, crash to $0.038
🟡 Most likely: Consolidate $0.044-0.050
Lesson of the Day:
Parabolic moves are for SELLING, not FOMO buying. The market always comes back to reality. 📚
Are you holding, averaging down, or cutting losses? 👇
Still not financial advice. But maybe listen this time? 😅
