Two Sentence Traders

$IREN swing add on a fresh momentum breakout

By rummy ·

Added back to $IREN today on top of a previously trimmed position, this lot's a swing that gets sold once the technicals say momentum's done. Stack of confirmations lined up together here: closed above the 21ema, MACD signal cross, fib reclaimed the 23.6%, RSI around 50, KVO crossing zero. If this is the start of an accumulation breakout it plays out over the next month or so, if it stalls the exit is technical, not emotional.

chart


Aggregated and distilled by Two Sentence Traders. Not financial advice.