Technical Analysis & Trade Signal for $IRIS #/USDT
Current Price: 0.01058 USDT
Momentum: Bullish (+16.91% in 24h)
Technical Indicators:
Bollinger Bands (BOLL): Price is near the middle band (0.01080), suggesting room for upward movement toward the upper band (0.01328).
MACD: Momentum indicates bullish continuation.
SAR: Signals a potential upward trend.
Trade Signal: BUY
Entry Zone: 0.01050ā0.01080
Targets:
1. šÆ Target 1: 0.01150 (Short-term)
2. šÆ Target 2: 0.01250 (Mid-term, near Bollinger upper band)
3. šÆ Target 3: 0.01350 (High potential resistance level)
Stop Loss: 0.00950 (Below Bollinger lower band for risk management)
Momentum:
Short-term: Bullish, with strong upward pressure.
Volume: High (1.12B IRIS traded in 24h), supporting upward momentum.
Note: Monitor key resistance levels, and adjust positions if momentum weakens. Always practice proper risk management.