sell

Massive 732 IRISGOLD Sale at 0.86 Signals Downside Risk

I observed a large sell on Iris exchange: 732 IRISGOLD executed at the last price of 0.86, which is significant for typical order-book depth and likely increased downside pressure.

I view this as potential whale distribution or profit-taking; if follow-through selling appears with rising volume, the price may weaken further, while quick absorption would lessen the impact.

I will watch volume and subsequent price action before adding exposure — avoid initiating new longs now and consider scaling in only if clear support forms or on confirmed weakness.

Source available for registered users Sign Up Free

Analysis

A single large execution of 732 IRISGOLD at 0.86 is a notable outflow that could trigger follow-through selling if not absorbed by buyers; volume and immediate price reaction will determine whether th...

Recommendation

I recommend avoiding new long positions and consider selling or reducing exposure until volume confirms absorption or a stable support level emerges; re-evaluate for a buy-on-weakness setup if price s...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: