Jan. 16 at 7:11 PM
$IRWD 😤 KNOCKING ON THE DOOR AT
$4.555. 😤
Just saw a flash move to
$4.555 before a quick reset. This is the definition of "Testing Resistance".
What's happening under the hood:
The
$4.56 Wall: There is a heavy sell-side presence at
$4.56. The algos are trying to keep us "pinned" for the Friday expiration. 🧱
The Volume Signal: We are at 1.2M volume and pushing the highs of the day. This is "Bullish Divergence"—the price is rising even though the broader sector is choppy. 📈
The Squeeze Fuse: Shorts are terrified of a close above
$4.60. If we break that
$4.56 ceiling, they have to start covering into the weekend. ⚰️🔥 The
$4 dollar ones are already cooked going into EOD
Don't let the "quick drop" scare you. That was a scout mission. The real attack happens during Power Hour. HOLD THE LINE. 💎🙌🚀
