🔥 $IR Significant Pullback Analysis & Short-term Strategy 🔥
$IR A notable pullback has occurred in the short term. Analyzing the 15-minute data: the third K-line closed as a medium bearish line📉, with a decline of -1.56%, volatility reaching 2.47%, and accompanied by increased volume (2.17 million), indicating that selling pressure was concentrated during this period. Subsequently, the market entered a narrow consolidation phase, with volatility shrinking to around 1%, and trading volume decreasing, resulting in a temporary balance between buyers and sellers.
🎯 Short-term Trading Ideas:
1️⃣ The current price is around 0.0627, which is at the recent mid-range of volatility. If it holds above the support at 0.0625, consider entering a small long position, targeting the previous high near 0.0640.
2️⃣ If the volume breaks below 0.0620, a potential retest of the 0.0615 area may occur. Consider a short position after a weak rebound.
3️⃣ Overall volatility is limited (average volatility of 1.27%), suggesting a quick in-and-out strategy, with stop-loss set outside the key levels.
⚠️ Note: The overall market sentiment and $BTC movements remain the main indicators, and smaller coins are easily influenced by capital rotation. Strict risk control!
#IR