Whale Dump: 732 IRISGOLD Sold at 0.86 — Expect Near-Term Downside
I see a large sell-off of 732 IRISGOLD executed at the last reported price of 0.86 on Iris Exchange.
I view this as whale-driven selling pressure that could push the price lower or trigger short-term stop-loss cascades.
I would avoid initiating new long positions until the selling subsides and consider trimming exposure or tightening stops if already invested.
Analysis
Recommendation
Reduce or avoid new long exposure until selling pressure eases; consider trimming positions or using tighter stops and watch for confirmed support or lower volumes from sellers.
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.