Whale Dump: 732 Iris Gold Sold at 0.86 — Downside Risk
I noticed a large whale sale on Iris Exchange: 732 Iris Gold were sold in a single block.
The last trade printed at 0.86, which points to increased selling pressure and potential short-term downside.
I’m cautious here — I won’t chase a buy until volume and order-book depth show stabilization.
Analysis
Recommendation
Don’t buy into this move. Wait for consolidation or clearer support, trim exposure if you’re long, and use tight stops while monitoring liquidity and subsequent whale activity.
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.