Dec. 16 at 2:29 AM
$IREN … let this sink in!!
🔥 Just guided 2026 ARR of
$4.3B.
🔥
$3.4B HPC ARR at 85% EBITDA and
$1B mining at 65% EBITDA
So IREN’s fundamentals are still strong - nothing has changed!
Here are the Big Degen’s Short-Term Price Targets:
- Base Case (Bounce on Exhaustion – 60-70% Probability Short-Term): Supply weakening at current oversold levels triggers reversal. Target
$40-44 retest (prior support/resistance flip) by end-Dec/early Jan, with extension to
$48-51 if Demand numbers surge (breakout confirmation)
- Bull Case (Strong Reversal): Clear Buy Imbalance + exhaustion pattern → Quick move to
$55-60 (filling gap/50-day MA), implying 55-70% upside from
$35.48
- Bear Case (Supply Persists – 30-40% Probability): No exhaustion, lower lows → Test
$28-32 (deeper Fib/next support), especially if broader AI/mining sector weakness or negative news
NFA, but based on the above BASE CASE, I bought a big bag of
$IRE under
$5.50 today (wish 🙏)
KNOW WHAT YOU OWN PLAY THE LONG GAME!!
$IREN 💪