We have ranged long enough now and it’s time for the next phase. Which is trending phase.
Entry: $59.1
Stop: $43*
Target: $130
Risk/reward still looks attractive. Target is like 5X the risk, meaning the trade is mathematically break-even even if the target is only reached 20% of the time. I believe the probability is significantly higher than that.
📌 Final Note
These updates reflect structured trade management and probability-based analysis, not financial advice.
Risk management and position sizing remain the foundation for long-term survival.
*If your stop gets hit, the loss should only equal 1% of your account. Calculate your position size accordingly.
IREN $CIFR
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