Whale Dump: 544 Iris Gold Sold at 0.84 — Expect Short-Term Downside
I noticed a large sell on Iris Exchange: 544 Iris Gold sold at 0.84. This looks like a significant whale distribution on the platform.
That volume could create near-term selling pressure if bids don’t absorb the flow, so I’d expect potential downside until liquidity returns.
Analysis
Recommendation
Avoid opening new long positions for now and consider reducing exposure until volume confirms absorption and price stabilizes; use stop-losses near recent support levels.
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.