(Infrared) Relief Bounce Setup | Berachain Ecosystem Core 🚀
The price of $IR has successfully tapped a local demand zone near 0.079, showing signs of a small but significant reaction bounce. As a key player in the Berachain "Proof-of-Liquidity" infrastructure, $IR often attracts buyers at these oversold levels. We are currently looking for a short-term relief move, though high-volume confirmation is essential for a sustained breakout.
📊 Trade Setup: IR/USDT
Market Context: Local Demand Tap & Reversal Signal
Entry Zone: 0.0800 – 0.0805
Trend Bias: Short-term Relief (Scaling Out)
🎯 Take-Profit (TP) Targets
TP1: 0.0820 (Initial resistance)
TP2: 0.0830 (Local liquidity sweep)
🛡 Risk Management
Stop Loss (SL): 0.0789
Note: Close manually if the 15m candle closes below the demand zone.
💡 Why Infrared ($IR)?
Berachain Catalyst: As a liquid staking hub for Berachain, $IR is a primary beneficiary of ecosystem growth and "Proof-of-Liquidity" adoption.
Staking Utility: With $sIR staking and fee-sharing mechanisms rolling out, the protocol is shifting from pure speculation to long-term value accrual.
Technical Bounce: The current level aligns with previous buyer interest, offering a high-reward-to-risk ratio for a quick recovery trade.
Nabiha Noor ✍️
Tracking the latest gems in the Berachain ecosystem.
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