IREN a fresh review

IREN has been moving upwards swiftly due to BTC 100k

Now we take a fresh look at IREN

it formed a double top which is a bearish sign and hence I took profit out of IREN at the double top high that is around 15$ area

So far its respecting the 50 day MA very nicely but there is a also an amazing cup formation which is leading me to think about it long term and therefore I would only now recommend entries after the 16$ barrier is breached.

As of now the latest strong support is 13.60 area . and if it goes further down then get ready for a support at 9$

Technically I wouldn't recommend buying anything which is in a bear tren therefore I would only recommend buying at a breakout of 16$

Entry when a daily candle close above 16$

Stop loss would be 13$