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BFICGOLD

Whale Sells 544 IrisGold at 0.84 — Short-Term Bearish

I see a large sell on Iris Exchange: 544 IrisGold executed at the last price of 0.84. The trade looks like a whale liquidation or aggressive distribution into the market.

I view this as increased short-term selling pressure — it can push the price lower if liquidity is thin. I would avoid initiating new longs until the orderbook calms or support is confirmed.

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Analysis

The block sale of 544 IrisGold at 0.84 suggests distribution by a large holder and likely added immediate selling pressure. If market depth is shallow, similar sells could drive the price down and tri...

Recommendation

I recommend avoiding new purchases and consider trimming exposure or selling existing positions until support is re-established; monitor the orderbook and follow-up whale activity before re-entering.

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.

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