IREN Bullish Opportunity – Fresh Momentum from Demand Zone IREN Limited (IREN) recently pulled back into a key demand area between $6.20–6.80 and is now showing early signs of a bullish reversal, supported by rising momentum and renewed interest in the company’s AI and infrastructure expansion.
🔍 Technical Highlights:
✅ Rejection from major demand zone
✅ MACD bullish cross with building momentum
✅ RSI recovering from oversold levels
✅ Clean reclaim of the 9 EMA
✅ Higher low structure forming after extended downtrend
✅ Strength aligning with improving sentiment around AI-linked stocks
📈 Trade Setup:
🟢 Entry Zone: Current levels ($7.20–7.50)
🔴 Stop Loss: Below $6.10 (beneath the demand zone)
✅ TP1: $8.20 – first resistance
✅ TP2: $9.50 – breakout level
✅ TP3: $11.80 – previous swing high from December
📌 I’m personally in this trade with small capital and managing risk carefully due to its higher volatility.
This is a speculative but technically clean setup with solid upside potential if momentum holds.
Let’s see how it plays out!
