IREN printed an $11.86K short liquidation around $41.43, showing that bearish positions were squeezed. If buyers maintain momentum, the support around $40.50 becomes critical for continuation. The next resistance stands near $43.00, and a breakout above it could target $45.00 🎯. If price drops below $40.00, bullish momentum fades, making that a reasonable stop-loss level. Momentum is shifting, so watch for follow-through from buyers.
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