Usman Salis
⬤ IREN Limited just broke out of a falling wedge pattern—a classic technical setup that often signals a trend reversal. After weeks of consolidation, the stock is now tracking upward and eyeing resistance around $54 to $55.
⬤ The breakout is catching attention because it marks a clear shift in momentum. "The stock is tracking perfectly toward higher price levels," and if it clears that $54/$55 zone, there's room to run toward new highs in the months ahead.
⬤ Right now, all eyes are on whether IREN can hold above this resistance. If it does, the path opens up for even bigger moves. Traders are watching closely as the stock continues climbing with strong momentum and growing investor interest.
Usman Salis
