IREN Limited (IREN) is setting up for a potential breakout, with the price holding above key support at $11.80 and strong bullish signals on both the daily and hourly charts. Bollinger Bands are tightening on the daily, hinting at an explosive move, while volume spikes and EMA alignment on the hourly suggest upward momentum. Watch for a breakout above $12, with targets at $12.38 and $13.50.
Trade active
Nothing is wrong with IREN, the dip was a great loading opportunity for next week probability.Trade closed: target reached
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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.