$IREN something worth watching into the US open. 👀 Friday: -12.5% on ~90M shares. Overnight retested the $34.81 low and held. Now premarket is back around $35.77. Key map: $34.81 = invalidation $36 = first reclaim $36.50 = confirmation $37–37.50 = acceleration zone $38.90–40 = major supply The interesting part: despite oil/geopolitical risk and a still-tough rates backdrop, sellers haven’t produced a fresh low yet. Bad news + no downside follow-through = information. US open will tell us whether this is just a bounce — or the beginning of positioning reversal / short covering.
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