$IR has indeed been a bit heartbreaking recently. From a technical perspective, there are quite a few issues.
The most direct is the candlestick pattern. Among the last 10 candles, the last 4 are all bearish, especially the 9th one which also showed a volume of 1.39 million, clearly indicating that the bears are actively releasing selling pressure. Plus, the price has already fallen below around 0.08, and now even 0.075 can't hold, making the overall structure quite weak. Looking at the average daily change, it has turned negative (-0.03%), and the proportion of bearish candle bodies is relatively high, indicating that the bears currently hold the dominant position.
However, there's a detail worth noting — after several consecutive bearish candles, the volatility actually increased to 1.41%, which usually suggests a potential oversold technical rebound is brewing. From the volume-price relationship, there are signs that selling pressure may be easing in the short term.
Based on this judgment, there are two short-term trading ideas:
**If you want to catch a rebound**, you can try a small long position near the current price of 0.075 or slightly lower (in the 0.074-0.075 range), with a stop-loss below 0.073. The target is to recover to the previous resistance zone of 0.078-0.080. But the key is to strictly control position size.
**If you want to follow the trend and short**, wait for a rebound to around 0.078. If it faces resistance there, consider a quick in-and-out short position. Don't chase lower prices; the risk isn't worth it.
Currently, this level is still within normal fluctuation ranges, but $IR's short-term structure is indeed weak. Breaking through the 0.073-0.080 range will be critical, as it will determine whether the price rebounds or continues to probe lower. The probability of a oversold rebound is increasing, but regardless of the approach, risk management always comes first. Small positions and cautious testing are the right attitude.
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GreenCandleCollector
· 21h ago
A massive sell-off of 1.39 million directly broke through, this short position is indeed fierce.
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LayerZeroHero
· 21h ago
A large amount of 1.39 million has been poured in, and the short sellers are really getting anxious. However, the volatility has risen to 1.41%, which does feel like a sign of a rebound. Just waiting to see when it happens.
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GraphGuru
· 21h ago
A trading volume of 1.39 million is really intense, and $IR has indeed been hit pretty hard in this wave.
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DuckFluff
· 21h ago
0.073 if this critical level is broken, it's game over. I feel like it still needs to test lower.
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GateUser-c802f0e8
· 21h ago
A huge amount of 1.39 million was dumped all at once, and they just gave up. This round of short selling is really fierce.
$IR has indeed been a bit heartbreaking recently. From a technical perspective, there are quite a few issues.
The most direct is the candlestick pattern. Among the last 10 candles, the last 4 are all bearish, especially the 9th one which also showed a volume of 1.39 million, clearly indicating that the bears are actively releasing selling pressure. Plus, the price has already fallen below around 0.08, and now even 0.075 can't hold, making the overall structure quite weak. Looking at the average daily change, it has turned negative (-0.03%), and the proportion of bearish candle bodies is relatively high, indicating that the bears currently hold the dominant position.
However, there's a detail worth noting — after several consecutive bearish candles, the volatility actually increased to 1.41%, which usually suggests a potential oversold technical rebound is brewing. From the volume-price relationship, there are signs that selling pressure may be easing in the short term.
Based on this judgment, there are two short-term trading ideas:
**If you want to catch a rebound**, you can try a small long position near the current price of 0.075 or slightly lower (in the 0.074-0.075 range), with a stop-loss below 0.073. The target is to recover to the previous resistance zone of 0.078-0.080. But the key is to strictly control position size.
**If you want to follow the trend and short**, wait for a rebound to around 0.078. If it faces resistance there, consider a quick in-and-out short position. Don't chase lower prices; the risk isn't worth it.
Currently, this level is still within normal fluctuation ranges, but $IR's short-term structure is indeed weak. Breaking through the 0.073-0.080 range will be critical, as it will determine whether the price rebounds or continues to probe lower. The probability of a oversold rebound is increasing, but regardless of the approach, risk management always comes first. Small positions and cautious testing are the right attitude.