Whale Dump: 1,500 IrisGold Sold at 0.83
I see a large sell of 1,500 IrisGold at the last price of 0.83 on IrisExchange, indicating significant whale selling pressure. This sale likely increases short-term downside risk and market volatility.
I'm cautious about opening new longs while this pressure persists; I would watch the order book and recent volume to see if the market can absorb the dump before reconsidering exposure.
Analysis
Recommendation
Don't buy new positions now; reduce or hedge exposure if already long and monitor order-book liquidity and volume for signs the selling has been absorbed before considering a re-entry.
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.