🚨 $IR is looking rough right now. Clearly bearish trend, and the charts are screaming it loud and clear.
*Volume tells the story: those big down candles had massive volume spikes (~50M, ~45M, ~34M on the heavy sellers), classic capitulation selling. Lately volume's dropped off a bit, which might mean sellers are finally getting tired near that ~$0.148 support level.
*Capital flows are the real red flag though:
- 1H: -125k
- 4H: -570k
- 24H: -3.42M
Huge outflows across the board — traders are dumping longs or piling into shorts. That's strong bearish momentum.
*My take on $IR : Cautiously bearish overall. Price is below all the MAs, RSI oversold, hugging the lower Bollinger Band — so yeah, a small technical bounce is pretty likely before more downside. But the big picture is still bearish.
*Trade ideas $IR
- Main play (short): Wait for a bounce up to the resistance zone ~$0.1560 (MA5) to ~$0.1642 (Resistance). If it rejects there, that's a solid short entry.
- Aggressive counter-trend long: If you're feeling risky, could try a bounce play right around current ~$0.148 support, but with a very tight stop. (Not my primary rec tho)
**Stops & Targets**:
- Short entry ~$0.160 → stop ~$0.1655 (above Resistance & MA20)
- Target: Retest of $0.148 support first, then possibly $0.1391 (Support) if it breaks
- For a long bounce: Stop ~$0.1435, target $0.156–$0.160 zone (5-7% quick scalp).
I'm leaning short on a retest of resistance, but watching closely for that potential little bounce first. Risk management is key here — volatility is high.
What do you think about $IR? Shorting the bounce, buying the dip, or just waiting? Drop your thoughts below! 🔥#Ir #IRUSDT #infrared