longir

🚨 $IR /USDT Potential Bottom in Sight – Trading Signal with TP & SL! 🚀
$IR (Infrared Finance) on Berachain is showing classic signs of exhaustion after a sharp downtrend. Price has plunged over 12% today to ~0.073, but look closer:
Candlestick chart: Long upper wick on the big red candle indicates strong selling pressure fading, with buyers stepping in at lows.
Bollinger Bands squeezed tight – volatility contraction often precedes big moves.
RSI(14) deeply oversold at ~12, RSI(6) at 25 – extreme levels screaming potential reversal.
Volume bars declining as price stabilizes, hinting at seller fatigue.
Accumulation/Distribution bars shifting greener, suggesting building buying interest.
This setup screams oversold bounce potential! Berachain ecosystem gems like $IR could rip higher on any positive sentiment shift.
Trade Idea: Go LONG $IR/USDT Now!
Entry: Market ~0.073
Take Profit: 0.084 (recent high resistance, ~15% upside)
Stop Loss: 0.063 (below recent lows, risk ~14%)
Risk/Reward: Solid 1:1+ – Scale in if it holds support!
Don't miss this dip – Berachain season heating up! 🔥 Follow & turn 🔔 on for more signals ✅
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