2025-12-30 21:20:31

IREN Trading Setup - Establishing Higher Lows

IREN is currently consolidating around key support, with $37.42 marking a critical level at the Fibonacci confluence zone. The setup suggests strength as long as buyers defend this floor. A decisive break above $44.44 would flip sentiment and open the door for meaningful upside movement.

For those tracking this, the first major target sits at $51.45—aligned with the 0.618 Fibonacci extension. This level represents a natural resistance where profit-taking and fresh selling might emerge. Watch the price action carefully here; it'll tell you whether momentum can sustain or if consolidation returns. The structure looks clean so far—higher lows building incrementally. Keep an eye on volume confirmation at these inflection points.

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RektButSmiling

· 9h ago

Wow, did the $37.42 support level really hold? It feels like IREN's momentum is still quite clear... Let's see if it can break through $44.44.

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Ser_Liquidated

· 9h ago

If you can't hold 37.42, it's directly bankruptcy, no joke.

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MetaverseLandlord

· 9h ago

37.42 If it holds, there's still hope for this wave; if it breaks 44.44, it will take off... 51.45 It depends on the trading volume; otherwise, it will come back to repeat the grind. High-level oscillation patterns are seen often; being cautious is not a bad idea. Wait for volume confirmation; otherwise, it's all just empty. This structure is indeed quite clean, but it depends on whether the main force gives face.

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UnluckyValidator