Whale Dump: 544 IRISGOLD Sold at 0.84 — Short-Term Downside Risk
I see a large sell on Iris Exchange: 544 IRISGOLD was executed at the last price of 0.84.
This looks like whale distribution that can create short-term downward pressure and temporarily reduce liquidity around current levels.
I will avoid entering new long positions and watch the orderbook and next price action for confirmation before acting.
Analysis
Recommendation
Avoid buying into this move. If you hold IRISGOLD, tighten risk controls and watch for follow-through selling or for the orderbook to absorb the supply before considering 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.