IRON Main trend. Channel. 18 05 2025Logarithm. Time frame 1 week. Down from the listing price -98%. Dying asset. Suitable for pump/dump strategy work, without reference to the ticker name in the spot, with down-to-earth goals, but understanding the high volatility of these assets due to low liquidity (“dying assets”). Work without stops (they are destructive for such assets with such volatility), from the average price of the set/dump. It is advisable to work on a breakthrough of key zones (understanding the liquidity of the asset, and the amount of the entry amount).
Asset as an example, crypto wrappers of such liquidity and work on them now. There are thousands of similar ones on the crypto market. Therefore, there is no point in considering them separately. One similar one, projection - if not thousands of dying scams (created under the hype of the distribution of the last cycle), then hundreds.
🟢A “Dragon” pattern may form if the downward secondary trend is broken. More precisely, it will be broken if a short alt season starts now for alts. The target is in the previous consolidation zone, and to cross the dynamic resistance of the inner zone of the descending channel (zone of decreasing highs). It is rational to work for a breakthrough, understanding the liquidity of the dying asset.
🔴If the market is negative, then the rollback from this descending line will continue to the dynamic support of the channel in the designated zone. If below, then it is a scam and delists from other exchanges where it is traded.
