% Google translation. Please understand.
IREN has three scenarios.
1. Stock prices break out this week.
This scenario is relatively high risk. This is because it is difficult for him to be sure that institutional investors would have bought the stock through sufficient adjustments.
In this case, it is recommended to invest only a small amount and set a tight stop loss.
2. The stock price breaks out in about two weeks.
This scenario is relatively low risk. Stocks that have gone through a healthy correction are likely to post big returns. It would be okay to buy more aggressively than in scenario 1.
3. Stock prices break through previous lows and fall.
It means that the direction of the stock price has changed to downward. Never buy stocks.
However, the stock price is likely to follow one of scenarios 1 and 2.
The reason is simple. This is because the price of Bitcoin is currently in a position where there is a high possibility that it will rise again. Bitcoin has touched the previous support level and is rising again.
IREN has three scenarios.
1. Stock prices break out this week.
This scenario is relatively high risk. This is because it is difficult for him to be sure that institutional investors would have bought the stock through sufficient adjustments.
In this case, it is recommended to invest only a small amount and set a tight stop loss.
2. The stock price breaks out in about two weeks.
This scenario is relatively low risk. Stocks that have gone through a healthy correction are likely to post big returns. It would be okay to buy more aggressively than in scenario 1.
3. Stock prices break through previous lows and fall.
It means that the direction of the stock price has changed to downward. Never buy stocks.
However, the stock price is likely to follow one of scenarios 1 and 2.
The reason is simple. This is because the price of Bitcoin is currently in a position where there is a high possibility that it will rise again. Bitcoin has touched the previous support level and is rising again.
Note
The stock price is down -25% from its previous high. If the stock price falls further here, I recommend that you do not buy it carelessly, even if the price rises again later.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.