【$IRYS Signal】1H timeframe breakout retest, bullish structure remains intact

$IRYS 1H timeframe price encounters selling pressure near 0.03402, but the 4H MACD histogram is still expanding, with buy volume 35% higher than sell volume, indicating clear capital support. The EMA20 on the 1-hour chart at 0.0315 forms the first line of defense; if the price retests this area without breaking below, bullish momentum may gather again.

If the price retraces to the 0.0315-0.0320 zone, consider adding long positions; a better entry is around 0.0306.

Defense must be placed below 0.02846.

The first target is near the previous high at 0.03396.

The second target focuses on the upper band of the 4-hour Bollinger Bands at 0.0345.

🛡️Trading management: - Execution strategy: After reaching 0.03396, halve the position; move the stop-loss of the remaining position to the break-even point. If the price cannot hold above 0.0315 and drops again, decisively exit and observe.

On the 4-hour timeframe, buy volume significantly increases during price rallies, but the latest 4-hour candle shows a long upper shadow, indicating short-term profit-taking above 0.034. The fast and slow lines of the 1-hour MACD have crossed and are now flat, with momentum slightly slowing, requiring a healthy retest to digest floating positions. The current funding rate of 0.005% does not pose a short squeeze threat and instead provides a gentle environment for bulls. Market depth data shows heavy order clustering between 0.0300 and 0.0310, which is a key battleground for bulls; losing this zone would weaken the short-term structure. The risk-reward ratio at this position is not perfect; patience for a pullback can significantly improve trading success rate.

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