The price returned to the key support area that was previously present in December 2025 and April 2026. Both times we clicked on this level, the chart saw a strong follow-through – a rise of approximately 80-100% over the following month.

This does not guarantee the same outcome now, but the risk/reward is high in this area based on historical behavior.

Revocation:
This idea becomes invalid under $30.00.

Final note:
Never marry a bar. If you’ve been holding IREN since September 2025, you already know how brutal this market cycle has been. Manage risk, stay objective, let the chart tell the story and ride the trend.

for me

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