IRYS recently demonstrated a classic breakout rally. Starting from a low of $0.043780, the price repeatedly oscillated between $0.048000 and $0.050000, with each technical pullback quickly absorbed by buying interest, accumulating bullish momentum. The breakout moment arrived — the price surged straight up to $0.052770, hitting a new high, then slightly retraced to $0.050889, closing the day up 10.94%. The 24-hour trading volume exceeded 45.33 million USDT, with a total volume of 922 million, clearly indicating increased momentum during the sprint phase, with large capital participation boosting the move. The previous consolidation zone was essentially a runway for the bulls to gather strength.

Looking at the 7-day gain of 111.01% and the 30-day gain of 47.01%, this upward trend is indeed strong. For traders, chasing the high is not the best strategy. It’s better to patiently wait for a pullback to the $0.048000-$0.049000 range before re-entering, relying on recent support levels to reduce risk. For take-profit targets, set phased goals — $0.051000 as the first checkpoint, $0.052000 as the second stage, and if the previous high is successfully broken, continue towards $0.053000. Stop-loss should be set at $0.047000; a break below this indicates short-term upward momentum weakening, and timely stop-loss is advised.

For the bullish side, hold as long as key support is not broken; for the bearish side, avoid trading these strong coins that break new highs, as counter-trend operations are often swallowed by the market; those looking to go long should wait for a low-entry point to safely capture profits from this rally.